Summary
BREAKING up the UK's biggest banks would be an error and could hold the sector back from supporting economic growth, the CBI said today, writes Douglas Hamilton.
In a blunt warning to the Independent Commission on Banking (ICB), which is considering a major overhaul of British banks following the recession, the CBI's new director-general, John Cridland, said rather than breaking up the big companies, banks must be strengthened to play a part in financing a private sector-led recovery.See the full content of this document
Extract
Icb Told to Avoid 'Mistake' of Breaking Up Uk Banks
Mr Cridland said the country risked damag...
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