Bank boss King tells MPs he's not to blame

Bank of England boss Mervyn King told MPs he was not to blame for failing to spot the rate-rigging scandal engulfing the industry amid mounting accusations over the central bank’s role..

Bank boss King tells MPs he's not to blame

Bank of England boss Mervyn King told MPs he was not to blame for failing to spot the rate-rigging scandal engulfing the industry amid mounting accusations over the central bank’s role..

In a tense Treasury Select Committee hearing, King denied the Bank put pressure on Barclays to lower its inter-bank lending rate submissions at the height of the financial crisis and rejected suggestions that he ignored warnings over Libor more than four years ago.

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