Ed Miliband adds voice to calls for banking inquiry

Labour leader Ed Miliband has called for a public inquiry into banking after a series of scandals in the sector.

He said there should be a banking code of conduct, with bankers "struck off if they do the wrong thing".

No 10 says it has not ruled out an inquiry, but ministers have said new regulation is already in the pipeline.

Gary O'Donoghue reports.

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