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EU scraps proposal to break up 'too-big-to-fail' lenders

Move comes under criticism even as banks score long-sought victory in withdrawal of Bank Structural Reform Bill


THE European Union drew criticism for abandoning one of its most controversial efforts to rein in the banking industry since the financial crisis, as supporters of a law to break up too-big-to-fail lenders said they still pose a risk to the public.

The European Commission,...

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