Once a mistake is made, the bank or someone in the bank has to take responsibility

SALARIES, bonuses and now pensions in the United Kingdom banking sector are all on the chopping block.

Andy Hornby, the former chief executive of Halifax Bank of Scotland (HBOS), is facing pressure to give up some of his pension after his predecessor, Sir James Crosby, relinquished his knighthood and almost a third of his pension, following a critical report on the bank's collapse, reports The Telegraph.