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Wednesday, January 14, 2009

Mandelson Brings In Top Bankers As Minister

The Government has appointed Mervyn Davies, the chairman of Standard Chartered, as Trade Promotion and Investment Minister to help to turn around the struggling British banking sector.
Mr Davies, who played a key role in the multibillion-pound bank bailout last year, will become a peer and serve as a minister under Lord Mandelson, the Business Secretary.

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