Bank separation 'may be best step'

AOL Money Staff
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Sir John Vickers, who chaired the Independent Commission on Banking (ICB), has said he "would not resist" a complete break-up of banks if so-called ring-fencing fails to achieve its desired effect.


Sir John and his colleagues on the ICB last year recommended that UK banks ring-fence their high-street or retail arms from high-risk investment divisions.
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