Britain says reckless bankers could face jail

Bankers who are reckless with customers’ or taxpayers’ money could face criminal charges and have bonuses and pensions clawed back, according to proposals backed by Britain’s prime minister on Wednesday.

Many Britons blame bankers’ risk-taking for the 2008 financial crisis and subsequent economic slump and were furious when the former boss of RBS left the bank with a pension of almost 17 million pounds (HK$206 million) even after a state rescue.

via Business feed http://www.scmp.com/business/banking-finance/article/1264855/britain-says-reckless-bankers-could-face-jail