Proposals to jail reckless bankers

Senior bankers should be personally responsible for malpractice, with a new criminal offence of reckless misconduct in the management of a bank that carries a custodial sentence, the Banking Commission has concluded in its final report.

View all 12 updates ›

Community banking 'would tackle bonus culture'

Reckless bankers should be jailed, a long-awaited report on banking commissioned by the government has recommended.

David Fishwick, who starred in documentary series Bank of Dave, has told Daybreak that "we wouldn't need this bonus culture [if we had a community bank in each town and city]. "

He added: "People who rob banks go to prison but banks that rob people get paid bonuses and that really has to stop. We need to go back to community banking."

More top news