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Article: Watchdog opposes splitting up banks.(Business)
- Article from:
- Daily Mail (London)
- Article date:
- November 3, 2009
CopyrightCOPYRIGHT 2009 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SPLITTING High Street banks from their casinostyle trading arms could make the financial system even more unstable, according to Britain's top financial watchdog.
Lord Turner warned that separating consumer lenders from risky investment banking activities is not the 'silver bullet' to the problem of financial monoliths deemed 'too big to fail'. Creating ringfenced 'narrow' banks could 'increase the danger of financial stability rather than diminish it', the Financial Services ...
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Article: Mervyn King fights for his job - and wins
The Independent - London;
September 21, 2007 ;
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... ... one who witnessed yesterday's masterful performance by Mervyn King, Governor of the Bank of England, before MPs on the Commons ... and banking oversight between the Bank of England and the Financial Services Authority, even though everyone can see that they haven ...
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