UK's CBI business group warns against breaking up biggest banks
Breaking up Britain’s biggest banks would be a mistake and could hold the sector back from supporting economic growth, the CBI business group said today.
In a stark warning to the UK's Independent Commission on Banking (ICB), which is considering a major overhaul of UK banks, new CBI boss John Cridland said rather than breaking up the big players, banks must be strengthened to play a part in financing a private sector-led recovery.
