UK banking reforms come under attack

barbed-wire-and-wooden-fence-in-field

The Independent Commission on Banking's (ICB) plans to overhaul the banking system in the UK came under vicious attack on Monday.

In an interview published in the Financial Times, John Cridland, director-general of the Confederation of British Industry, a business lobby group, said the government would be "barking mad" to go ahead with the idea of ring-fencing British banks' retail operations away from their investment arms.

The ICB announced on Tuesday that it will release its final report on S

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