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Page last updated at 13:38 GMT, Tuesday, 10 February 2009

Bank bosses say 'sorry'

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The former bosses of the two biggest UK casualties of the banking crisis have apologised "profoundly and unreservedly" for their banks' failure.

Former Royal Bank of Scotland chief executive Sir Fred Goodwin told MPs on the Treasury Committee he "could not be more sorry" for what had happened.

The executives were giving evidence to MPs as part of an inquiry into the banking crisis.

Robert Peston reports.

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