The TUC has called for a fresh start for the finance sector and a Leveson style inquiry to deal with over-mighty bankers.
The call came following news that banks have been mis-selling risky insurance products to small businesses and that Barclays sought to manipulate the inter-bank lending rate, but before the resignation of Bob Diamond and the former Barclays CEO's appearance before the Treasury Select Committee.
'Britain's banking system is out of control', said TUC general secretary Brendan Barber. 'We are now paying a heavy price for the decades when banks and finance persuaded politicians that they were the new engines of growth'.
Full TUC response to scandal @