Who could possibly be opposed to Mark Carney’s appointment as head of the Bank of England?
That’s the question that comes to mind after perusing some of the recent coverage of the story. Heavens, even Paul Tucker, the deputy governor of the U.K. central bank and the most favoured candidate for the job of governor until Mr. Carney came along, insisted publicly he is looking “forward to working with Mark” as part of the team down at the BoE as they work together to rebalance the nation’s economy.
By Lawrence Baxter:Bob Diamond and Jamie Dimon are two of the best bankers America has ever produced, and JPMorgan Chase (JPM) and Barclays (BCS) are among the great banks of the world. These facts might be lost in the current cacophony of public debate, yet their records of achievement are undeniable and generally admirable.
Mark Carney, the Governor of the Bank of Canada, was right to make a forthright defence of financial regulation reform in a speech in Washington on Sunday - soon after being the object of a nationalist polemic from the CEO of JPMorgan Chase, Jamie Dimon, in a smaller, closed-door group on Friday.