Justin Welby

Andrew Hill

You’re about to hear a lot more about “good banks” and “bad banks”. The report from the parliamentary banking standards commission, due on Friday, and Stephen Hester’s departure from Royal Bank of Scotland will reignite questions such as whether RBS should be split into “good” and “bad” operations (Mr Hester opposed this).

Running in parallel is a philosophical debate about how you ensure banks are “good” – in the sense of having a strong, positive purpose.

But there is also the question of whether banks that do good are always good banks. Read more