| Updated:
OBAMA TO ADDRESS BANK PAY
PRESIDENT Barack Obama yesterday said banks need new rules to curb risky behaviour. He predicted regulatory changes to give shareholders non-binding votes on executive rewards and said the government could levy fees on lenders who make “far-out transactions”. He added that the $700bn (£422bn) Troubled Asset Relief Programme (Tarp), while unpopular, had rescued the country’s banking system from ruin.