Re-building
public trust and confidence in banks is still years away, the chairman of the
Treasury Committee, Andrew Tyrie, has told the BBC.
Despite
a raft of new rules designed to rein in bad practice, a culture change at banks
has a long way to go, he said.
"My
impression is that the spirit is willing, especially at the top, but sometimes
the flesh is weak," he told Wake up to Money.
Mr
Tyrie said a lack of confidence in banks was hurting recovery.
Some
small firms were wary of asking banks for loans and advice because they felt
that dealing with financial institutions was still risky, and that was
hindering growth, he warned.
He
said:
