Bank boards 'come under scrutiny'

The boards of UK banks and the role they played in the credit crisis are expected to come under scrutiny in a report due out later on Thursday.

Analysts say the review of corporate governance, by ex-City regulator Sir David Walker, may pave the way for boardroom practices to be overhauled.

The report, commissioned by the Treasury, is expected to focus on the way risk is managed at banks.

The issue of pay and how it is linked to risk is also likely to be addressed. Sir David has spoken to banks, institutional investors, and experts in remuneration and corporate governance in preparing the report - due out at 1000 BST on Thursday.

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Rhys killer father in arson probe

he father of Rhys Jones's killer has been arrested over an arson attack at the home of one of his son's fellow convicted gang members.

Joseph McCormick, 56, the father of Sean Mercer, was arrested over a fire at the home of Gary Kays in Mallard Close, West Derby on Merseyside.

Merseyside Police said a 56-year-old man had been bailed over the incident, which happened early on Saturday.

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Travel punished can 'earn' cards

Young people who lose their right to free travel in London because of bad behaviour could "earn" it back.

From September youths stripped of their Oyster Zip cards will be given the option to get them back by volunteering on a conservation project for a day.

Mayor Boris Johnson said the scheme will give children a chance to "earn it back in exchange for putting something positive back into their community".

The scheme is not open for those who commit serious offences.

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