Turner: FSA must get tougher on banks - papers

The FSA chairman will urge MPs to impose tighter controls on Britain's biggest financial institutions, the Guardian reports. Lord Adair Turner is giving evidence to the Treasury select committee from 9.30am as part of its "Financial institutions - too important to fail?" inquiry. Turner, who last year dismissed the City as "socially useless", will tell the committee how the banking sector should be shaken up to avoid a repeat of the economic crisis. Read more...