English Nanny: nanny knows best

English Nannies are known throughout the world for being strict. But today’s «banking» Nanny is being too lenient. She has concocted a powerful drug for a terrible disease, called banking-itis. But so far, only some of the boys have been prepared to take it. Royal Bank of Scotland aims to complete a recapitalisation this week, maybe as soon as Monday, breakingviews has learned (see context news). HSBC too has injected capital into its UK business without the need for Nanny taking a firm hand. Bu...