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The Conservatives believe that the headline-grabbing decision to set up a new generation of consumer-friendly banks is a clever tactic to divert attention away from the vast additional sums of money being sunk into the banks. Full Article at The Telegraph
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Household names like the Cheltenham & Gloucester, Direct Line and Churchill are in line to be sold after part-nationalised banks were forced to slim down. Full Article at Birmingham Post
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LONDON - The British government -- spurred on by European regulators -- is set to force the Royal Bank of Scotland, Lloyds Banking Group and Northern Rock to sell off parts of their operations. Full Article at MSNBC
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There is about to be a surge of competition in the banking market. Alistair Darling says so, so it must be true. Full Article at The Telegraph
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Alistair Darling will create three new banks with millions of customers Photo: BLOOMBERG Alistair Darling, the chancellor, will this week outline plans to break up Lloyds Banking Group and RBS and sell-off the remaining “good” parts of Northern... Full Article at The Telegraph
Related Quotes
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There is still no guarantee that today’s plan will get credit flowing in the economy.
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We are building more competition, reducing the liability of our insurance, and this will be of benefit to the taxpayer
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We need a safer, more competitive banking system
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What you really want to do is have quite a substantial divestment — perhaps branches or perhaps particular institutions that they own — made available to other people
