03/18/2010 05:12 am ET Updated May 25, 2011

U.K. Signals "Too Big To Fail" Banks May Be Broken Up

The WSJ reports (on-line): "The U.K.'s top treasury official Sunday said the government is starting a process to rebuild the country's banking system, likely pressing major divestments from institutions and trying to attract new retail banks to the market." The British style is typically understated and policymakers always like to play down radical departures, but this is huge news.

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