U.K. banking restructuring to prevent new global financial crisis

Reshuffling in the top banking institutions and a serious production of reports and recommendations from the banking regulatory
Boards show the tenacious effort of British authorities to cope with a banking system that still counts for 400per cent of the whole economy in its balance sheets. “So while recent events in banking are modest cause for optimism, both the UK and the world remain hostage to unreconstructed bankers and their powerful lobbyists, to whom government ministers are extraordinarily deferential.”