Banking reforms 'may not happen until 2015'

Any shake-up of British banks may not come into force for several years, government sources have indicated.

Although legislation could be passed to "split up" leading banks before 2015's scheduled general election, changes may not take effect until after that date.

Business Secretary Vince Cable has said changes will go ahead and denied any splits with the Tories on the issue.

James Landale reports

  • Section
  • Published