UK report threatens bank break-ups

Britain’s banks could face the threat of being broken up after a report warned the ring-fence to separate risky operations from savers’ deposits needed “electrification”.

UK report threatens bank break-ups

Britain’s banks could face the threat of being broken up after a report warned the ring-fence to separate risky operations from savers’ deposits needed “electrification”.

Britain's Parliamentary Commission on Banking Standards – whose membership includes the future Archbishop of Canterbury Justin Welby, former chancellor Lord Lawson and Treasury committee chair Andrew Tyrie – said plans included in the Banking Reform Bill “fall well short of what is required”.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €120 €60

Best value

Monthly €10€5 / month

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited