Big banks should be broken up | This is Money

Big banks should be broken up | This is Money

Banks should be broken up in all but name to avoid a repeat of the financial collapse which cost taxpayers billions, a long-awaited report will recommend next week.

The Independent Banking Commission will ignore banks' veiled threats to quit Britain and call for radical changes.
Sources said the commission's interim report, to be published on Monday, will propose separating banks' risky investment arms from their high-street operations.