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Outgoing Bank of England Governor Sir Mervyn King’s insistence that banks shore up their balance sheets met with widespread resistance – but Barclays is leading the way.
Jon Snow
As Sir Mervyn King prepares to step down as Bank of England chief, his continued insistence that the UK’s major banks still need to recapitalise is deeply worrying.
The problem with the Bank of England’s quarterly inflation report – presented for the last time this week by Sir Mervyn King – is that it feeds the idea that the governor has all the answers.
In advocating that RBS should be split into good and bad banks, Sir Mervyn King is showing a “major display of independence in his last months in office”.
The governor of the Bank of England, Sir Mervyn King, says the economy is recovering but inflation will be higher than previously forecast.
When Jon Snow interviewed Sir Mervyn King last night words like “banks” “economy” and “money” were unsurprisingly regularly used – but what else was on the Governor’s mind?
It was a very different world in 2003 when the governor of the Bank of England landed the job. What would happen if he applied today?
A green light for George Osborne to miss the debt target? In his interview on Channel 4 News, Bank of England Governor Sir Mervyn King hints that slow world growth would be an “acceptable excuse”.
As Bank of England Governor Sir Mervyn King takes part in his first live television interview, Channel 4 News charts the above-target inflation rates during the latter half of his tenure.
Ahead of tonight’s extended Channel 4 News interview with Bank of England Governor Sir Mervyn King, we look at how the country’s economic problems have affected the lives of four people.
If Sir Mervyn King can arrange for Bob Diamond’s demise at Barclays, even though he was cleared of personal wrongdoing over Libor, why not exercise a little more coercive power over banks lending money into the real economy?
We have entered a new world. Politicians now appear sovereign over our banking system. Many in Britain will welcome that. For many, it will be a profound shock. And this is just the beginning, writes Faisal Islam.
As the Governor of the Bank of England launches a scathing attack on banks, Bob Diamond, the embattled chief executive of Barclays Bank, says he will not resign.
Sir Mervyn King has urged the Government not to delay reforming the financial sector and admitted more should have been done to avert the banking crisis.
Mervyn Davies will be remembered as one of the greatest Welsh rugby players ever. “Merv the Swerve” starred in the 1970s golden era and should inspire the current Welsh side, writes Ben Monro-Davies.