Alistair Darling will hold secret talks with the heads of top British and American banks in Davos tomorrow who fear the impact of proposed tough new sanctions against the sector.
Bosses from HSBC, Barclays and Standard Chartered, and top executives from key American banks, including JP Morgan and Morgan Stanley, hope to persuade the Chancellor any moves to curtail the banks will also hit the global economy. Peter Sands, group chief executive of Standard Chartered, one of the architects of last year's banking bailout, will host the talks, the Times reports. The bankers are also expected to stress the damage an extension of this year's tax on bonuses could do to London's status as a financial capital. Full story...
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