UK will break the power of the banks

The glorious «above the law» days of the big banks seems to see the end. In a more than interesting move on June 16th., UK minister of finance George Osborne announced a major overhaul of Britain’s banks, approving a separation of their retail and investment businesses to help avoid another global financial crisis. The merge of retail and investment was what started the big mess in the first place.

Les mer

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