Call to stop demonising bankers

AOL Money Staff
Mervyn King
Mervyn King

Sir Mervyn King has called for an end to bankers being "demonised" for their role in the financial crash, insisting the problem was with the system rather than individuals.

The outgoing governor of the Bank of England said there was a failure to adequately regulate the financial sector and society had given "too much status" to those in the City.