Go Johnny Go

Bankers should have a shot at redemption. But sometimes forgiveness can come too cheap. That seems to be what UK regulators are thinking in the case of Johnny Cameron. Cameron once presided over the Royal Bank of Scotland’s global banking and markets business. Losses in that division played a big role in forcing the UK government to bail out the bank. The Financial Services Authority has just effectively kept Cameron, who left RBS when the taxpayer came in, from taking a new job at Greenhill, th...