Some bank bosses will retire in shame, but with huge payments to ease their pain – such as the $55 million golden parachute handed to Bank of America’s Ken Lewis, with his, and the £25 million pension bestowed on Royal Bank of Scotland’s Fred Godwin. But, buoyed by government bailout money, guarantees, and low interest rates, many banks have again begun to pay their top managers huge bonuses while fighting vigorously against reforms designed to restrain their risk-taking and compensation.