Bank of England court case set to begin

The Bank of England will go to court for the first time in its 300-year history on Tuesday 13 January when it defends its role in the £10bn collapse of the Bank of Credit & Commerce International.

BCCI's liquidators Deloitte & Touche accuse the Bank of failing 6,500 UK depositors who lost their cash when BCCI sank in 1991.

Deloitte wants £850m compensation to top up the 75% of account balances already repaid.

Former Bank Governors including Sir Eddie George and Robin Leigh Pemberton, now Lord