B of E Head Backs Breaking Up Big Banks

27 Jan 2010

Mervyn King, the governor of the Bank of England, said he favors separating investment banking and high-risk trading businesses from their core businesses.

Mervyn King, the governor of the Bank of England, said he favors separating investment banking and high-risk trading businesses from their core businesses. In making his pitch for splitting big banks, King told Parliament, “The U.S. has been more open in moving to a safer banking system than ...

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