Senior bankers could face criminal charges for "reckless" misconduct leading to the fall of a bank, under new UK government plans. Chancellor George Osborne set out the charges in 86 amendments to the Treasury's Banking Reform Bill. The changes are due to come into effect in 2014. They include laws separating the High Street banks from their trading arms in the City in order to protect taxpayers, said the government.
'Corporate manslaughter'

Mr Osborne's additions to the bill are partly in response to the Libor rigging scandal, where traders at some banks sought to manipulate interest rates in their favour. Major reforms will ensure banks work for the economy and consumers, while consumers will be empowered by greater competition within the banking sector, said the Treasury.....Read more here