ML-Implode News - Sir David Walker: "I will change Barclays"

Sir David, who was appointed on Thursday, said he wants to appoint two new board members and is in favour of Barclays remaining as a universal bank, retaining both its retail and investment banking arms. He said he would like to speed up the process of "ring-fencing" so that the bank is functionally separated before the 2019 deadline set by the Government.
In his most surprising admission, Sir David said that "in principle" he favours charging for bank accounts and services, arguing that had fees been in place the bank might have avoided some of the recent mis-selling in the UK industry.
He branded recent mis-selling episodes, such as interest rate swaps to small companies and payment protection insurance, as "the consequence of not charging for bank accounts".

This actually makes sense and is refreshingly honest.

Relevant:

Sir David Walker: "I will change Barclays"