u.s. banks must be worried.

Too big to fail, is to big to exist. http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/7716614/Coalition-Government-British-banks-face-break-up-in-just-one-year.html Britain's giant lenders are facing the threat of extinction after the new coalition Government pledged to establish an independent commission to decide whether to break up the banks. The commission was the centrepiece of... [more]

Too big to fail, is to big to exist. http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/7716614/Coalition-Government-British-banks-face-break-up-in-just-one-year.html Britain's giant lenders are facing the threat of extinction after the new coalition Government pledged to establish an independent commission to decide whether to break up the banks. The commission was the centrepiece of the Conservative and Liberal Democrat agreement on banking reform, which included a pledge to introduce an extra tax on the industry and "robust action to tackle unacceptable bonuses". It has been given "an initial time frame of one year to report" on whether separating retail and investment banking will "reduce systemic risk". Both parties have argued for a break-up, but the Tories want to limit the split to the "casino" activities of proprietary trading while the Lib Dems wish to go further and "separate low-risk deposit taking banking from high-risk investment banking". [less]