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Banking splits to protect high street customers

The government will unveil plans to split up banks on Monday to try to avoid a repeat of the financial crisis three years ago.

In the future, high street banking and riskier investment banking will be kept apart.

The plans will take effect in four years.

Richard Lloyd from consumer group Which? told Radio 5 live Morning Reports how the changes will affect bank customers.

To hear other 5 live interviews, please visit the best bits page.

Morning Reports broadcasts daily 0500 to 0530 on Radio 5 live.

  • 19 Dec 2011