George Osborne hails banks reform plan - Business News, Business - The Independent: "Radical plans to ensure taxpayers are no longer on the hook for banking failures were tonight hailed by George Osborne as a "decisive moment" in the drive to overhaul Britain's beleaguered financial sector.
The far-reaching shake-up of the sector includes ring-fencing banks' high street divisions to protect them from riskier investment arms and setting aside more cash to cushion the blow of potential losses or "
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