British banks that fail to guard their day-to-day banking from risky investment activities will face being dismantled, finance minister George Osborne is set to say later on Monday.
Britain is in the midst of a big shake-up of its system of bank regulation in the wake of the 2008 financial crisis, when 65 billion pounds ($102 billion) of public money was needed to shore up Royal Bank of Scotland (RBS.L) and Lloyds Banking Group (LLOY.L).
Read more: http://www.reuters.com/article/2013/02/04/us-britain-banks-idUSBRE91306720130204
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