“Banks should be broken up to help stimulate competition in the financial sector and cut the cost of services to customers, according to the Institute for Public Policy Research thinktank.
The IPPR accused the government of being “too timid” and said a split of retail and investment banks should be forced.
It argued this would make the system safer and lessen the chances of the taxpayer having to pump funds into banks in the future by ensuring that no bank is “too big to fail” or “too big to bail out”.”
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