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UK To Restructure Banks
Source: Agencies |
December 20, 2011, Tuesday
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Print Edition
Print Edition
THE British government will restructure the country's banks by separating their retail activities from riskier investment banking operations, Business Secretary Vince Cable said on Sunday.
The government will comply with the recommendations of a commission set up after the 2008 banking crisis and "proceed with the separation of the banks."
The government will comply with the recommendations of a commission set up after the 2008 banking crisis and "proceed with the separation of the banks."
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