The flaws of a powerful bank exposed

The Bank: Inside the Bank of England. By Dan Conaghan, Biteback Publishing, €24.

18th March, 2012
The flaws of a powerful bank exposed
Mervyn King, governor of the Bank of England. Photo: Bloomberg

The Bank: Inside the Bank of England

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In March 2009, Britain's Queen Elizabeth felt obliged to do something she had never done before. She summoned the Governor of the Bank of England to Buckingham Palace for a private interview. We don't know exactly what passed between herself and Mervyn King, but it seems a safe bet that she repeated her question about the global credit crunch from a recent visit to the London School of...

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