He said without "strong action" to shake up the banking culture, consumers would continue to pay the price.
There must now be a fundamental shake up of banking culture and a return to banking for customers, not bankers.
Shinsei Bank has become a highly profitable financial institution but only after half its assets were written off by the government and a large contingent of outside experts came in to shake up its inbred corporate culture.
Nothing emerged to shake the prime minister's determination to stand by his culture secretary - this evening he has said his culture secretary did not break the ministerial code - but today's evidence and the latest in a series of Budget U-turns have shone a harsh light on the judgements made by the prime minister and his closest ally and adviser, the chancellor.
Other technological ghosts have seeped into our culture and current technology so deeply that we can't shake them out even when we try.
Corporate culture becomes a meaningless term where leaders claim it exists while employees shake their heads in frustration.
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Mr. Elop's plans to shake up Nokia's management are all but certain to also upend its corporate culture, which insiders say still remains very Finnish.
The French have taken to using le fair-play in sport, presumably because (as their coach's refusal to shake hands with his opposite number after losing to South Africa suggested) their own culture finds the concept rather difficult.
Contract disputes and a culture of corruption at the state-backed firm Sonatrach, culminating in an expansive leadership shake up last year, have kept new investment and interest low.
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But the Wired and VF apps, both available now, illustrate a fact that publishers should keep in mind as they ponder the digital future: The culture of a print magazine takes a long time to shape, and is hard to shake off.
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