01-11-2009, 01:19 PM
http://www.independent.co.uk/news/busine...12974.html
All that need now happen is for the other big UK banks to be also broken up into domestic retail banking and their gambling casino operations kept separately - so that when the latter go belly up again they can be binned, discarded and forever lost to history.
Quote:Three new banks (two not so new) to open on high street
By Sadie Gray
Sunday, 1 November 2009
Three new high street banks will be formed as Royal Bank of Scotland and Lloyds Banking Group are broken up.
Each of the two Treasury-controlled banking giants will have assets sold off to increase competition between lenders and recoup money for the taxpayer, following last year's bailouts.
Two of the new banks will be familiar names. Trustee Savings Bank (TSB), taken over by Lloyds in 1995, and Williams & Glyn's, owned by RBS, will return to the high street. The third will be formed from the healthier parts of the nationalised Northern Rock, which is likely to be split into "good" and "bad" banks.
Alistair Darling is expected to present the plans to the Commons this week, although no assets are expected to be sold before the next general election.
No one who currently owns a British retail bank will be allowed to take over the new institutions.
All that need now happen is for the other big UK banks to be also broken up into domestic retail banking and their gambling casino operations kept separately - so that when the latter go belly up again they can be binned, discarded and forever lost to history.
The shadow is a moral problem that challenges the whole ego-personality, for no one can become conscious of the shadow without considerable moral effort. To become conscious of it involves recognizing the dark aspects of the personality as present and real. This act is the essential condition for any kind of self-knowledge.
Carl Jung - Aion (1951). CW 9, Part II: P.14