Report threatens bank break-ups

Press Association
Justin Welby
Justin Welby

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".


The 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".
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