Sants: NRock run would not have happened if King had listened to me

In an interview with the BBC, Sants said he recommended that Lloyds TSB be granted a loan from the Bank of England (BoE) to facilitate a takeover of the troubled British bank, which had been hit by the subprime crisis. But he claims BoE governor, Sir Mervyn King, said the central bank would not provide the money, while Alastair Darling, the Chancellor at the time, was silent on the issue. Northern Rock was nationalised in 2008 following its near collapse. In the first run on a British bank in more than a century, depositors queued outside branches to withdraw their savings. "I thin...