Time to walk

It is comforting to see that some chief executives can appreciate that the time has come to bow out. BP chief executive Tony Hayward appears to accept that his time has come and he has done the decent thing (your report, 27 July).

It is a huge pity, that Obama holds no sway over British Banks - we then just might see J Eric Daniels of Lloyds Banking Group do the honourable thing.

ALAN CROMBIE

Almond Way

Glenrothes