Alistair Darling the Chancellor has called for a change in the banking culture to stop executives being paid massive bonuses while presiding over failure.

Lordy: A new “super-tax” on bank bonuses will be introduced immediately, the chancellor announced today, in an attempt to stop banks using profits to pay large bonuses to bankers. Alistair Darling attempted to appease critics who feared the tax on bonuses would prompt defections from the City by insisting the 50% tax rate on bonuses of more

We learn today that the Chancellor is warning the City not to go back to the ways and days of big bonuses. This is the same Chancellor who allowed a near £10 m pay and bonus package for the CEO of RBS, a bank where he represents

The chancellor has announced an independent inquiry into bank management and executive bonuses.

The British PM and French president issue a joint call for global financial change and a tax on bank bonuses.

Chancellor Alistair Darling has ordered an inquiry after claims a UK bank rescued by taxpayers is planning to hand out £1bn worth of bonuses to staff.

The shadow chancellor says banks should be forced to limit pay as a quid pro quo for any tax­payer-funded recapitalisation, in a change in stance that embraces greater state intervention in the sector

Chancellor Alistair Darling pledged today that no bonuses will be paid this year at two banks bailed out on an unprecedented scale by the Government.

New shadow chancellor has demanded a fresh tax on bankers' bonuses in his first major intervention.

Controversial bank bonuses paid to staff despite an industry bail-out will be probed, the Chancellor of the Exchequer has said.