You are here

UK banks want time to split retail businesses

They have to consider which side of the ring-fence their non-UK retail banking businesses sit, and also whether they can maintain their non-UK businesses


BIG British banks are lobbying regulators for more time to carve out their retail lending from riskier parts of their business, saying that Britain's decision to leave the European Union has made the separation more complex and costly.

Lenders are required to complete the so...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to