Big issue splits Chancellor and the governor

Jones, Lee
June 2009
Money Marketing;6/25/2009, p21
The article reports on the collision of opinions between Chancellor Alistair Darling and Bank of England governor Mervyn King over the issue of breaking up of banks in Great Britain. It mentions that King approved the split between investment and retail business stating that it is not reasonable to permit large banks to merge high-street retail banking with dicey investment banking. However, Darling counters that it is not as simple as restricting the size of banks.


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