Wednesday, October 21, 2009

FinFacts.ie | Bank of England governor calls for banks to be split into separate utility companies and risky ventures


Bank of England governor Mervyn King, arrives in Berlin for the EU economy summit, 22 February 2009.

Bank of England governor, Mervyn King, on Tuesday night called or banks to be split into separate utility companies and risky ventures, saying it was “a delusion” to believe tougher regulation would prevent future financial crises......