Sir Mervyn's parting shot at banks

Sir Mervyn King has fired his final parting shot at the banks as he attacked lenders for their intense political lobbying against tougher balance sheet rules.

In his last appearance in front of MPs on the Treasury Select Committee before handing over the reins next week, the Bank of England governor said banks sought to put "tremendous pressure" on politicians at the highest levels to lean on regulators to water down demands to raise capital strength.
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