TITLE

U.K. Moves Could Point Way in U.S. On 'Too Big'

AUTHOR(S)
Landy, Heather
PUB. DATE
November 2009
SOURCE
American Banker;11/4/2009, Vol. 174 Issue 200, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses Great Britain's divestitures of the Royal Bank of Scotland Group Public Limited Company (PLC) and Lloyds Banking Group PLC as part of their support by taxpayers. Mervyn King, head of the Bank of England, believes solving the problem of big banks includes applying regulatory discipline to make the big banks' failures less likely or resolving these banks' failures at minimal cost. How the U.S. government will approach banks that are considered to big to fail is discussed.
ACCESSION #
45017354

 

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