LONDON: Prime Minister David Cameron promised an inquiry into how the Co-operative Bank had been "driven into the wall" by former chairman Paul Flowers and asked why alarm bells over his behaviour hadn't rung earlier.
Flowers, a one-time local Labour politician and Methodist preacher with no banking qualifications, oversaw the Co-op's near-collapse during his tenure as chairman from 2010 to June. Video of him allegedly arranging to buy illegal drugs was exposed by a newspaper at the weekend.
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