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Tesco Bank chief declares the 'orgy of excess' is over

TESCO Bank chief executive Benny Higgins has declared that "most expensive orgy in history" is over, quoting F Scott Fitzgerald, as he highlighted changes made at Tesco Bank since the credit crunch.

Mr Higgins is seeking to build Tesco Bank as a rival to the established high street institutions after the supermarket giant bought out Royal Bank of Scotland from their previous joint venture in 2008.

Mr Higgins said: "As the chief executive of Tesco Bank, creating the right culture in the bank has been my priority since we assumed full control.

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