You are here

Banks face Britain's ring-fence hurdle in hiring directors

Under new rules, senior bankers will be held to account for reckless decisions that cause a bank to fail


BRITAIN'S major lenders may find it hard to hire dozens of directors that are required as part of a radical reshape of the industry aimed at protecting it from future investment bank crashes.

Britain wants banks such as HSBC, Barclays and the UK arm of Spain's Santander to