Vince Cable has issued a stark warning to Britain's leading boardrooms that they need to crack down on bonuses to restore public trust and avert the threat of fresh legislation to limit executive pay.
The number of fines given out by the main City regulator to senior executives in the financial services sector for misconduct or breach of rules has dropped by 40% in the past four years.
After years of denial central banks are finally coming around to recognise that they must take responsibility for asset bubbles that can wreak economic havoc.
Looking back, it was easy to see that the crash was coming.
One of the last remaining conditions the EU attached to the £45bn rescue of Royal Bank of Scotland has been removed in a step the chancellor said would help to get back taxpayers' money in the bailed out bank.
Bailed out Lloyds Banking Group has handed its top management team – including chief executive António Horta-Osório – bonuses potentially worth more than £27m.
Five years on from the start of the financial crisis there are still banks that are "too big to fail" and governments around the world must do more to reform the financial system, a top Bank of England official has warned.
Pay for bankers and top executives has become "a bit of a Ponzi scheme" and most of them would do the work for half the money, Ed Balls, the shadow chancellor, has said.
Mark Carney has been forced to admit that allegations of rigging in foreign exchange markets could prove be a bigger scandal than the manipulation of Libor as he sought to rebuff criticism that the Bank of England had been slow to react.