A war within!

UK's British Banker's Association chief executive, Angela Knight hissed at the sector's critics for blaming banks for the nation's economic crisis.

She said, "they have few - if any - friends. They understand they are held responsible for the whole problem - even when this is manifestly not the case,". She condemned all the major UK authorities such as FSA, Bank Of England and backfired at them saying that "they had rushed ahead with "irresponsible" reforms on remuneration and capital requirements that go beyond what others have done."

She supported her views with the fact that a lot of British jobs related or linked to banking bring in billions of opounds in tax income. The banking system in UK has build up its framework this year by joininh hands with several leading institutions reporting large profits in recent months. But nevertheless the common man is raged at U.K. government injecting tens of billions of pounds worth of taxpayer money into major banks, like Royal Bank of Scotland and Lloyds Banking Group and offer hundreds of billions of pounds worth of debt guarantees, loss insurance and liquidity support.