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UK Approves 'Far-Reaching' Bank Reforms

  • Aired: 1/19/2011
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It's Britain's biggest financial shake-up for years. The UK government has accepted a proposal to split UK-based banks in two - separating the retail operations from the riskier investment arms. The proposals were laid out by the Independent Banking Commission in September. Finance Minister George Osborne says they will ensure the UK remains one of the world's leading financial centres.

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