Independent Commission to consider breaking up big banks

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Independent Commission to consider breaking up big banks

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09-25-2010, 12:19 AM

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Independent Commission to consider breaking up big banks

In a further massive shake-up of the UK’s banking industry, the Independent Commission on Banking (ICB) is looking at ways to increase competition and choice among high street banks. One option could see existing banking giants broken up and new names enter the industry. The ICB, which is headed by Sir John Vickers, was established [...]

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