Companies

Jun 18: King tells City change is necessary

Mervyn King last night rebuked the City as he insisted that much tighter regulations were needed to prevent a recurrence of the financial crisis and regain the trust of the population. Chris Giles, economics editor, talks to Daniel Garrahan about how the Bank of England governor's remarks appear to be at odds with those made earlier by the chancellor Alistair Darling. Produced by Gregory Bobillot.