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September 4, 2011

UK banks: breaking up

“Tempers can flare in the debate over banking. ‘Barking mad‘ was the description attached to one likely proposal by the head of the CBI. John Cridland is right in a way; something about this discussion is insane.  Mr Cridland’s hot words came in response to a likely proposal from the UK government’s Independent Commission on Banking: wholesale and retail operations of universal banks should have separate capital structures. The ICB argues that this would make a systemic failure less likely and less costly.”

Read the full story at The Financial Times

 
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