Last week, it was announced that nationalised Northern Rock is to be split into two, after receiving the necessary approval from the European Union (EU).Meanwhile this weekend, it has been confirmed by Chancellor of the Exchequer, Alistair Darling, that Lloyds Banking Group, Royal Bank of Scotland (RBS) are to broken up.The new banks will be [...]

More: Banking sector overhaul sees Lloyds and RBS broken up