Mervyn King, Baron King of Lothbury banks", pinpointing the banks' sense of grievance on their finding it "very, very difficult to face up to the failure of their banking model". With King's term as governor ending in 2013, top UK banks have warned that unless a less "hostile" figure is found as a successor, they may feel it necessary to move abroad. On 26 November 2012, Mark Carney was named as King's successor. King had faced accusations of refusing funding to the Northern Rock Bank, precipitating a run on that bank, a situation not seen in the UK since 1914. King later said that it had
Humphry Morice (Governor of the Bank of England) extent of his defalcations was revealed: he had not only swindled the Bank, but abstracted money from a trust fund left for his daughters by their maternal uncle, and still left debts of nearly £150,000. The Bank took action against his widow to attempt to recover its losses, ultimately settling for £12,000 after forty-three years of litigation. Humphry Morice (Governor of the Bank of England) Humphry Morice (c.1671 – 16 November 1731) was a British merchant, MP and Governor of the Bank of England. He inherited his father's trading business around the age of eighteen, and learned finance and speculation