Sir David Walker and Bank Accounts

bank accounts: Of course caution should stalk the corridors of HSBCs Canary Wharf tower. Bankers have to get used to the new world. Unfortunately, the manner in which is picking and choosing its customers witness the revelations in that Syrian refugees and students are having their bank accounts closed is as bad for its image as the money laundering it was found to be involved in, according to The Independent. Consider that Royal Bank of Scotlands Sir Philip Hampton is joining GlaxoSmithKline soon and Sir David Walker at Barclays and Lord Burns at Santander UK are heading towards the exit, and you can see the headache for headhunters. Once the pinnacle of a business career, the political pressure, public opprobrium and regulatory risk mean they are no longer queuing around the block to chair a British bank and The chairman is one of few senior bankers willing to sound off about the challenges faced by his industry in trying to cope with a blanket of new regulation, and he made a good point that spending millions readying assets to be ring-fenced from risky trading is a waste of time and money if a competition inquiry into current accounts and small-business lending prompts some of those activities to be sold. But it is hard to win support for less regulation when the financial crisis is still being paid for with hefty fines and customer redress. But the bank chairman who is the most outspoken is almost the most durable. Mr Flint appears to be staying put, while three of the five main lenders are on the hunt for new chairmen. A fourth, Lloyds, is just bedding down Lord Blackwell, Margaret Thatchers former adviser, who was already on the board when he took over in April. (news.financializer.com). As reported in the news.