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Walker calls for a dramatic overhaul at the top of banks

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Tough new rules could see bonus contracts torn up

18.11.09
NEW: Bankers will see excessive pay and bonuses contracts torn up if they promote undue risk-taking under tough new rules outlined in the proposed Financial Services Bill... more

'Lehman Sisters' would crash too, says top adviser

03.11.09
Gordon Brown's independent adviser on the City today rejected Harriet Harman's claim that the financial crisis would not have happened if women had been in charge of banks.... more

Banks’ hidden tax that really hurts

06.10.09
It is interesting, if a little ironic, that Paul Tucker, one of the deputy governors of the Bank of England, should suggest in the forum of the annual International Monetary Fund and World Bank meetings currently under way in Istanbul that if banks need rescuing again, they should be taxed in proportion to the amount of state aid that they require to stay afloat ... more

Banking Charlies are in the chocolate factory

09.09.09
One of the advantages of a long summer break was that it gave me time to reread Barbarians at the Gate, the seminal tale from 20 years ago of the takeover battle for RJR Nabisco, which came to define the grotesque excess of 1980s Wall Street ... more

Myners plans votes sale

10.08.09
Treasury Minister Lord Myners has suggested that investors should be able to buy and sell their voting rights in companies ... more

Voting rights for sale in Myners plan

10.08.09
Treasury Minister Lord Myners has suggested that investors should be able to buy and sell their voting rights in companies.... more

Radical way to end sham of the AGMs

24.07.09
The report by Sir David Walker in which he put forward a range of ideas to improve the governance of banks and the involvement of shareholders has had one unforeseen effect ... more

The Lloyd's troubleshooter with a lesson for the banks

22.07.09
Lord Levene, an Establishment figure with a non-conformist streak, is cross about the crisis in the financial world... more

Big problem in making boards behave

20.07.09
Sir David Walker last week unveiled proposals to encourage shareholders to take more interest in their investments in the hope that their greater involvement would prevent a recurrence of the boardroom failures that contributed to the banking debacle ... more

Britain can lead the way in ending this City 'omerta'

16.07.09
In the City, bragging rights extend to pretty much anything: the value - and number - of your homes, the cc of your Ferrari, the regularity of your dining at Michelin-starred restaurants... more

Sweeping proposals win a welcome from most

16.07.09
Gordon Brown said: “He makes some very clear recommendations which I believe will be adopted. There have been excesses, it is seen by the public as irresponsible and unfair, we have got to take the action.” ... more

Walker: bankers should go public on pay

16.07.09
Hundreds of bankers and City traders will have to make their earnings and bonuses public to stamp down on excessive pay packages, under new plans revealed today ... more

Walker calls for a dramatic overhaul at the top of banks

16.07.09
City grandee Sir David Walker called for a dramatic “culture change” at the top of UK banks to prevent a repeat of the financial hurricane that plunged the economy into recession ... more

City stars forced to reveal mega pay in Walker review

16.07.09
Full details of the pay and bonuses of thousands of high-earning bankers will be made public under radical plans to create more transparency in the pay City deal-makers and traders... more

Ed Miliband is right to push for green energy

16.07.09
The Government's ambitious plans for a green energy supply would have been necessary even without its legally binding target to cut greenhouse gas emissions by a third by 2020... more

Bringing boards to heel is going to be a tough battle

03.07.09
It was only this week that I realised how fraught is the world of corporate governance following the debacle of the banks and the subsequent suggestions that shareholders should in future do more to rein back management whose strategies seemed to embody excessive risk ... more

Code can't really be our best shot

18.03.09
When you meet someone these days who was until recently a non-executive director of one of the banks, it does not take long before the conversation turns to what went wrong. ... more

Bankers, bonuses and Brown's gloom

10.02.09
Ed Balls, the Children's and Schools Secretary, has warned that the global recession is becoming the worst for 100 years. That is a starkly different picture from the one painted in official forecasts claiming recovery later in 2009... more

Cooper admits: Bonuses are no laughing matter

09.02.09
The Treasury struggled to combat claims that it was “dithering” over City bonuses as ministers unveiled a year-long review into bankers’ pay and perks... more

The political tide is turning against our greedy bankers

09.02.09
Facing a mounting row over bonuses, bank chiefs are running out of arguments against nationalisation...... more

Tackling the bonus culture

09.02.09
The Chancellor, Alistair Darling, declared this weekend that "the party is over" when it comes to bank bonuses. Not for some, it isn't... more

Angry PM urges bankers to give up their bonuses

09.02.09
Gordon Brown and David Cameron both heaped pressure on City bankers to tear up their contractual rights to pocket big bonuses this year... more

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