The Traderszone Network

Published in TZ Latest News 12 October, 2014 by The TZ Newswire Staff

Britain’s ring-fence a new hurdle for bank directors

LONDON/DUBLIN (Reuters) – Britain’s major lenders may find it hard to hire dozens of directors that are required as part of a radical reshape of the industry aimed at protecting it from future investment bank crashes. Britain wants banks such as HSBC, Barclays and the UK arm of Spain’s Santander to ring fence their retail units from their wholesale operations, including creating a separate board for their retail divisions that would be independent of the parent group.

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