Banks break-up still on agenda says ICB

first_img Tags: NULL Banks break-up still on agenda says ICB John Dunne whatsapp whatsapp Britain’s banks will be subject to a wide-ranging probe that will examine the possible break-up of retail and investment banks and ways to boost competition, although no single option is favoured at present.The Independent Commission on Banking (ICB) was appointed three months ago by the government to assess the structure of the industry in the wake of the financial crisis, which saw taxpayers bailout leading financial groups.The ICB published a preliminary paper outlining the scope of the investigation. It said it would look at separating companies’ retail and investment banking divisions and imposing limits on proprietary trading and investing, along with looking at boosting competition and market infrastructure reform.“The list is not intended to be exhaustive and … the commission has not moved towards any particular options at this stage,” it said in a statement.Despite much strong rhetoric from politicians in recent weeks against investment bankers, many industry members and analysts have said that it is unlikely that British banks will ultimately be forced to break up.Most universal banks proved stronger than many “narrow lenders” with less diversified business models during the crisis, and a full break-up could also prompt leading companies to shift overseas, analysts say. center_img Friday 24 September 2010 3:01 am Show Comments ▼ Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orglast_img