UK banking commission urges better standards |

UK banking commission urges better standards

A RBS, Royal Bank of Scotland, illuminated sign and logo are seen through revolving doors inside an entrance of their offices in London, Thursday, June 13, 2013. Bailed-out U.K. lender Royal Bank of Scotland said Wednesday that Stephen Hester will step down as chief executive later this year — a move that creates some uncertainty as the bank prepares to return to the private sector. The board of the bank, which is 81 percent owned by the taxpayer after it was rescued by the U.K. government in 2008, said Hester was unable to make an open-ended commitment to lead the bank back into the private sector after having already served five years. The search for a successor will begin immediately. (AP Photo/Matt Dunham)

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UK banking commi... A RBS, Royal Bank of Scotland, illuminated sign and logo are seen through revolving doors inside an entrance of their offices in London, Thursday, June 13, 2013. Bailed-out U.K. lender Royal Bank of Scotland said Wednesday that Stephen Hester will step down as chief executive later this year — a move that creates some uncertainty as the bank prepares to return to the private sector. The board of the bank, which is 81 percent owned by the taxpayer after it was rescued by the U.K. government in 2008, said Hester was unable to make an open-ended commitment to lead the bank back into the private sector after having already served five years. The search for a successor will begin immediately. (AP Photo/Matt Dunham)
Obama's Berlin s... US President Barack Obama, right, waves next to German President Joachim Gauck after he was welcomed with military honors at the presidential residence Bellevue castle in Berlin, Germany, Wednesday, June 19, 2013. On the second day of his visit to Germany Obama is meeting with German President Gauck and German Chancellor Angela Merkel before delivering a speech at Brandenburg Gate. (AP Photo/Gero Breloer)
Obama to renew c... President Barack Obama listens to French President Francois Hollande during the G-8 summit at the Lough Erne golf resort in Enniskillen, Northern Ireland, Tuesday, June 18, 2013. The final day of the G-8 summit of wealthy nations is ending with discussions on globe-trotting corporate tax dodgers, a lunch with leaders from Africa, and suspense over whether Russia and Western leaders can avoid diplomatic fireworks over their deadlock on Syria’s civil war. (AP Photo/Evan Vucci)
World Bank highl... FILE - In this Monday, Aug. 17, 2009 file photo, children salvage the remains of a failed potato field at a farm in the Laikipia District, of Kenya, some 200 kilometers (120 miles) north of the capital Nairobi, in the wake of a prolonged drought which wiped out harvests throughout the country. While sea level rise threatens some coastal communities in Africa, the continent faces even bigger climate-related problems inland. Climate scientists have projected shifts in rainfall patterns leading to extended droughts in some areas and increased flooding in other parts. (AP Photo/Khalil Senosi, File)
Turkey unrest go... Police chase protesters as Turkish riot police spray water cannon at demonstrators who remained defiant after authorities evicted activists from an Istanbul park, making clear they are taking a hardline against attempts to rekindle protests that have shaken the country, in city's main Kizilay Square in Ankara, Turkey, Sunday, June 16, 2013.(AP Photo/Burhan Ozbilici)
WHITE HOUSE NOTE... Britain's Prime Minister David Cameron, left, welcomes Japan's Prime Minister Shinzo Abe during arrivals for the G-8 summit at the Lough Erne Golf Resort in Enniskillen, Northern Ireland on Monday, June 17, 2013. (AP Photo/Yves Herman, Pool)
G-8 summit turns... G8 leaders from left, European Commission President Jose Manuel Barroso, Japan's Prime Minister Shinzo Abe, German Chancellor Angela Merkel, Russian President Vladimir Putin, Britain's Prime Minister David Cameron, US President Barack Obama, French President Francois Hollande, Canadian Prime Minister Stephen Harper, Italian Prime Minister Enrico Letta and European Council President Herman Van Rompuy attend a working session during the G-8 summit at the Lough Erne golf resort in Enniskillen, Northern Ireland on Tuesday, June 18, 2013. (AP Photo/Jewel Samad, Pool)
Italy top court ... In this Sept. 23, 2011 file photo, Amanda Knox arrives at the courthouse for the appeal trial in Perugia, Italy. On Tuesday, June 18, 2013, Italy's high court has explained why it reversed the acquittal of American student Amanda Knox, saying the decision acquitting her of murder was full of contradictions. In March, 2013, the Court of Cassation overturned Knox's acquittal in the 2007 murder of flatmate Meredith Kercher and ordered a new trial. (AP Photo/Stefano Medici)
Lucrative long-h... A British Airways Airbus A380, right, takes off in front of an Air India Boeing 787 Dreamliner during the first day of the 50th Paris Air Show at Le Bourget airport, north of Paris, Monday, June 17, 2013. (AP Photo/Francois Mori)
Turkey's Erdogan... In this photo released by the Turkish Prime Minister's Press Office, Turkish Prime Minister Recep Tayyip Erdogan, right, seen during a meeting with Khalid Mashaal, the Hamas chief in exile, center, and Gaza’s prime minister Ismail Haniyeh in Ankara, Turkey, Tuesday, June 18, 2013. The meeting is expected to focus on talks on Palestinian reconciliation.(AP Photo/Yasin Bulbul, Prime Minister's Press Office, HO)
EU, US to launch... President Barack Obama and British Prime Minister David Cameron help students paint a mural during a visit to the Enniskillen Integrated Primary School in Enniskillen, Northern Ireland, Monday, June 17, 2013. The visit takes place before leaders from the G-8 nations are to gather to discuss the ongoing conflict in Syria, and free-trade issues. (AP Photo/Evan Vucci)
Boeing nets orde... Air Lease Corporation chairman and chief executive officer Steven F. Udvar-Mazy, left, and Boeing Commercial Airplane President and chief executive officer Ray Conner, right, pose while holding documents, after signing a memorandum of understanding to purchase 33 airplanes. The Los Angeles-based leasing company has committed to order three 787-9 and 30 787-10X Dreamliners, during the 50th Paris Air Show, in Le Bourget, France, Tuesday, June 18, 2013. (AP Photo/Remy de la Mauviniere)
Greece's public ... A man holds a child, in front of the ERT3 building during a protest . Exactly one year ago, Greece’s conservative prime minister won the mandate to form a coalition government with a daunting brief: Restart punishing reforms, keep the debt-stifled country in the eurozone and end months of political chaos. The latter has proved harder, and Antonis Samaras is now making a last-ditch bid to quell a revolt by key allies over his decision to close the country’s state TV and radio broadcaster ERT, axing nearly 2,700 jobs to meet austerity targets. (AP Photo/Nikolas Giakoumidis)