King 'didn't demand Diamond sack'

Press Association
Mervyn King
Mervyn King

Bank of England Governor Sir Mervyn King has denied telling Barclays to fire former chief executive Bob Diamond but admitted he offered the lender "helpful" advice about the views of regulators.

Sir Mervyn has previously acknowledged telling Barclays chairman Marcus Agius that Mr Diamond had lost the confidence of regulators following the Libor-rigging scandal - a discussion which prompted Mr Diamond to resign.