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People and MarketsBank Strategy

Ringfences at the ready as UK banks reassure on reforms

Barclays 2

The large British banks have just completed one of the most complex structural reforms they’ve ever undertaken, severing their UK retail businesses from their wholesale operations to meet ringfence regulations. The sheer disruption of the changes has led competitors to scent blood, while the UK banks have been anxious to reassure their clients that nothing will change.

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