This timely speech rightly recognises that some banks may have lost sight of their core values and is a thoughtful assessment of the critical steps that need to be taken to restore confidence in the banking system.
A healthy and respected banking system is essential to support economic growth. Businesses want banks to provide transparent and straight-forward products and services, and a culture that is built around the customer.
We all want to see our banks re-build public trust, re-define their core values and live by them, as the best banks do.
More top news
As many as 2,000 British holidaymakers could be among those stuck at emergency accommodation as snow causes chaos for holidaymakers.
Tributes have beenb paid to Harry Potter and Outnumbered actor David Ryall who died on Christmas Day aged 79.
We are set to enjoy some sunshine after all that ice, snow and frost - albeit with temperatures still low.