Page last updated at 22:17 GMT, Wednesday, 17 June 2009 23:17 UK

Governor wants more bank powers


The Governor of the Bank of England, Mervyn King, has called for the bank to be given greater powers to fulfil its new responsibility to promote financial stability.

In a speech in the City of London, Mr King said the bank could not continue to act "like a church" whose congregation "ignores its sermons.''


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