Panel will consider breaking up major European banks, Barnier says

11/23/2011 | Financial Times (tiered subscription model) · Reuters · Nasdaq.com

Michel Barnier, the EU's internal-market commissioner, said the European Commission will establish a group to look into separating retail banking and investment banking to reduce risk. "It will have a look on that subject of structure of banks and separation in risk management," Barnier said. The idea is based on similar efforts in the UK and the US.

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Financial Times (tiered subscription model) · Reuters · Nasdaq.com

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