News
Google News: Suspect trades reinforce ringfencing argument
[Financial Times] - Sir John Vickers, who just unveiled plans to protect UK retail deposits from investment banking losses, can permit himself a wry smile. Estimated losses of $2bn from alleged rogue trades at UBS are a timely reminder of the dangers
Guardian: UBS shows that Vickers is right to separate utility banking from the casino
[The Guardian] - Rogue traders weren't mentioned by Sir John Vickers (pictured) when he recommended on Monday that retail banks should be separated from investment banks via a ringfence. Perhaps they should have been. The UBS debacle is yet another reason why plain
Google News: Vickers shake-up cues Santander listing delay
[Financial Times] - But further uncertainty created by Sir John Vickers' plans to force UK banks to separate their core retail businesses from wholesale activities mean the float is now unlikely to happen until at the earliest, according to people familiar with the
Google News: Bankers shouldn't be trusted with anyone's money but their own
[Mail on Sunday] - It also underlines why competition guru Sir John Vickers was absolutely right this week to propose forcing banks to formally separate their 'casino' activities from the ordinary and more important business of taking deposits and making loans to
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