David Cameron wants to see a significant watering down of any proposals from the Independent Commission on Banking (ICB) to ring-fence the UK's retail banks. Leading UK banks ignored warnings from third party advisers before selling on billions of dollars of toxic mortgage debt to Fannie Mae and Freddie Mac in the lead-up to the financial crisis, court papers have alleged.David Cameron in push to dilute ICB ring-fence reforms
UK banks face US lawsuit over toxic debt
Sunday, 4 September 2011
Posted by Britannia Radio at 00:07