British banks will be forced to "ring-fence" retail banking from investment banking, maintaining them as separate operations in a move the U.K. government believes will make banking safer, Treasury chief George Osborne will announce Wednesday.
WSJ.com: What's News US, Wall Street Journal
Tue, 06/14/2011 - 1:08pm
British banks will be forced to "ring-fence" retail banking from investment banking, maintaining them as separate operations in a move the U.K. government believes will make banking safer, Treasury chief George Osborne will announce Wednesday.