Business secretary Vince Cable said banks should be 'very, very self-conscious' about how they reward staff and investors and refused to rule out a tax on bank profits.
George Osborne and Vince Cable fear the rationing of lending to small firms could reverse the UK's economic recovery.
Business Secretary Vince Cable has warned of a second credit crunch if bank lending does not begin to flow across the economy.
Chancellor George Osborne is set to reveal this week the Bank of England will take overall charge of regulation of the financial sector and have "oversight" across the FSA.
State investment in British business will be cut by £636m this year, as Chancellor George Osborne seeks to drive a "private sector recovery".
George Osborne's hopes of a "Tell Sid" style privatisation of RBS and Lloyds Banking Group have been dashed by the government's pledge to launch a year-long investigation into splitting up the banks.
Robin Hepworth has warned the UK faces another financial crisis if the major retail banks are not broken up. Hepworth, a senior fund manager at Ecclesiastical, says banks will have no incentive to act more cautiously if they remain at their current size....
This is about the election, but please do not let this put you off.
Gordon Brown has confirmed the General Election will be held on 6 May, with the state of the economy and the future of financial services regulation to be the key manifesto targets.
Did you watch the three chancellors last week? If not, you didn't miss much and if you did you might be wondering why you bothered.