Government denies it was involved in a slump that MPs say will be seen as a softening of stance towards bankersThe Treasury has defended the City regulator’s decision to ditch a review into banking culture as the chancellor came under pressure to revive the scrapped study.
John McDonnell,the shadow chancellor, urged George Osborne to exert his influence and reinstate the review, or which the Financial Conduct Authority dropped just months after it was launched. Continue reading...
Source: theguardian.com