Struggling banks must not be immune to watchdog's bite

IT'S TWO years since "saying it with Flowers" gained entry into the lexicon of British banking. This week's dual censure from the banking and City regulators will have felt like groundhog day to Niall Booker and the rest of the Co-operative Bank's management.

The Treasury Select Committee and a review by Sir Christopher Kelly had already found inventive ways to describe the catalogue of incompetence at Britain's biggest mutual over a five-year period.

So while the sober language of t...