King: Barclays Was in State of Denial

Bank of England Governor Mervyn King said the Barclays Plc board was in “something of a state of denial” on the bank’s management. He spoke in a testimony in Parliament today in London.
Greek Bailout Could Steal the Stage at G-7 Meeting
47:07 - As the G-7 gathers for a meeting in Dresden, Greece continues to search for an agreement with creditors on a bailout. The situation seems likely to work its way into G-7 talks as the nation faces the first payment this Friday on a 1.6 billion euro debt to the IMF. Bloomberg’s Hans Nichols and Vassilis Karamanis preview the meeting on “On The Move.” (Source: Bloomberg)
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