Bank reforms must not fail, says Mervyn King - AAD Consumer Forum

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5corpio started a blog post Bank reforms must not fail, says Mervyn King
5 March 2011, 08:06

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Bank reforms must not fail, says Mervyn King

Bank reforms must not fail, says Mervyn King

Originally posted by 5corpio

Bank reforms must not fail, says Mervyn King

Failure to push through reforms of the banking sector could lead to another financial crisis, Bank of England governor Mervyn King has warned.

Mr King told the Daily Telegraph banks were focusing on short-term profits at the expense of their customers.

He also questioned their insistence on paying bonuses to staff. BBC chief economics correspondent Hugh Pym said his comments were significant because the.....Read more Here
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