Summary
Britain's biggest banks may have to be broken up, or else take on more capital to absorb possible losses from high-risk activities.
Mervyn King, governor of the bank of England, called for a shakeup in the structure of British banking at last night's Mansion House dinner in London, where Chancellor Darling was outlining his plans for tighter regulation.See the full content of this document
Extract
King: Shake-up coming
"If some banks are thought to be too big t...
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