Bank was slow to see nature of crisis - ex-minister

LONDON (Reuters) - The Bank of England led by Mervyn King was slow to grasp the nature of the financial crisis in 2007, so much so that then-chancellor Alistair Darling wanted to force it to take action, he writes in a book due to be released next week.

Source: http://uk.reuters.com/article/2011/09/04/uk-britain-boe-king-idUKTRE7821AW20110904?feedType=RSS&feedName=domesticNews

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