Bank of England governor Mervyn King has suggested that money should not be the only motivator for success for bankers – a lesson they can learn from the Olympics.

King, a keen sports fan who is fond of using sporting analogies to clarify economic policy, felt that the thousands of volunteers at the Games showed that motivation is more than just money.

The reputation of banks has taken a hit in the past year but as King said on Sunday, “If we have learnt anything from the past fortnight, it is that commitment and hard work over a long period are necessary for eventual success,” he said.

Read more about King’s Olympic analogy on Reuters.

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