Investors back Osborne’s UK bank break-up threat
FIG investors this week threw their weight behind UK Chancellor George Osborne’s threat to punish banks that try to undermine the proposed ring-fence between retail and investment banking by forcing them to separate fully the two entities.
Announcing the start of the UK Banking Reform Bills passage through parliament on Monday, Osborne said the government needed the power to separate banks that did not respect the rules, in order to discourage them from gaming the system and endangering financial stability.
"My message to the banks is
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