Summary
BANK of England Governor Mervyn King yesterday called for a legislative overhaul to help prevent a repeat of the Northern Rock banking crisis.
In evidence to MPs on the Treasury select committee the Governor, who has come under pressure over his handling of the crisis, said he had pressed for a "covert" rescue of the Newcastle-based bank to prevent the queues of panicked savers.See the full content of this document
Extract
Britain: King Orders Review After Banking Crisis
But he said the Bank was prevented from launching a secret rescue of the mortgage lender by market abuse regulations and...
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