Why Banks Need to Be Boring Again ; Commentary [Scot Region]
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Summary
MERVYN King's contempt for the way the banks handled themselves before, during and after the great financial crisis has been common knowledge for some time. But never before has the independentminded Bank of England Governor gone so far as he did in his Edinburgh speech last night.
The choice of location for his full frontal attack on not just the banks, but the piecemeal reforms proposed by the Government and the financial regulators, can have been no accident.See the full content of this document
Extract
Why Banks Need to Be Boring Again ; Commentary [Scot Region]
Edinburgh is the home to the Royal Bank of Scotland and Halifax Bank of Scotland (now part of Lloyds Banking Group) both of which are largely owned by the taxpayer.
Mr King made it clear t...See the full content of this document
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