Ben Bernanke, soon to be ex-chairman of the US Federal Reserve, will surely be regarded as one of the Fed’s most significant chairmen. Photographer: Andrew Harrer/Bloomberg

In their patter song in The Pirates of Penzance, Gilbert and Sullivan satirised the notion of an educated “modern major-general”. Today they might sat(...)

Mark Carney, governor of the Bank of England: believes that that “organised properly, a vibrant financial sector brings substantial benefits”.   Photographer: Chris Ratcliffe/Bloomberg

Last week, Mark Carney, governor of the Bank of England, brought cheer to the City of London. His robust defence of finance and declaration that “we a(...)