BY NATASHA BRERETON LONDON -- Bank of England Governor Mervyn King said Tuesday that heightened regulation can't prevent the financial speculation that results in bank failures, and called for a serious review of the structure of the banking sector whose goal would be to eliminate institutions that are too... [read full story]
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Mervyn King's speech has started off something of a spat the Gordon Brown and Alistair Darling. The whole "small banks" idea is subject for a more considered post, for now though I feel a translation of the Conservative...
Bank of England governor Mervyn King lambasted the banks this week, saying that the cost of propping up the banking system was "breathtaking" – around £1trn. He added: "Never in the field of financial endeavour has so much...
Martin Wolf makes a persuasive argument that regulatory division between financial utilities and risk takers (casinos in his words) is impossible. Why curbing finance is hard to do | FT Martin Wolf First, the border between...
In the wake of the propping up of the banking sector in the UK due to te recent credit crisis, the Governor of the Bank of England, Mervyn King, told business leaders in Edinburgh that banks needed to be broken up to prevent...
LONDON (Reuters) - Prime Minister Gordon Brown dismissed Wednesday Bank of England Governor Mervyn King's view that splitting banks' retail and investment arms could help prevent a repetition of the financial crisis.
LONDON (Reuters) - The government is unlikely to carry out a proposal by the Bank of England governor to split up its commercial banks, but tougher capital rules and "living wills" may produce similar results.
The gamekeepers have turned poacher. Both Alan Greenspan and now Mervyn King have called for the composite banks to be split up, separating the ‘routine’ business of taking customer deposits and executing payments from...
by: Edward Harrison October 22, 2009 | about: If our response focuses only on the symptoms rather than the underlying causes of the crisis, then we shall bequeath to future generations a serious risk of another crisis even...
Bank of England Governor Mervyn King stepped up his call for governments to tackle the dangers posed by banks that are "too important to fail", saying new capital rules won't shield taxpayers from funding any future bailouts....
By Europe correspondent Emma Alberici The Bank of England governor wants banks to separate their retail and investment arms. (Getty Images: Daniel Berehulak, file photo) Audio: UK bank governor unhappy with lack of banking...
