Banking Commission will consider bank break-ups

The issue of whether banks' retail and investment operations should be split is to be looked at by a government inquiry into the banking sector.

The reform is one of a number of options being considered by the Independent Commission on Banking.

Critics have said that such a split could damage the UK's competitive edge and make banks leave the UK.

The ICB, chaired by Sir John Vickers, has been set up to look at financial stability and competition.

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