A daily selection of interviews, comment and debate from the BBC’s flagship Radio News programme, Today. For more information and the podcast Terms of Use go to www.bbc.co.uk/radio4

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Today: Bank shake-up creates 'more competition'

Today: Bank shake-up creates 'more competition'

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DATE : Tue, 03 Nov 2009 10:32:00 +0000
Entered in Database : 2009-11-03 10:32:00
length : 6654526
Link to the Show / Show Notes

New plans for a big shake up of banks have been announced. Royal Bank of Scotland and Lloyds Banking Group are to sell off a large number of their branches after the European Commission demanded that banks bailed-out by taxpayers should be scaled down. The changes will, it is hoped, ensure there is more competition for loans and mortgages in the banking industry. The Chancellor of the Exchequer, Alistair Darling, outlines the banking reforms.

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