Summary
THE three state-controlled banks - including Northern Rock - are to be broken up for sale to improve competition and recoup taxpayers' cash from the bail-out of the sector.
Chancellor Alistair Darling said he wanted to see three new high street banks created within the next few years as Northern Rock, Royal Bank of Scotland and Lloyds Banking Group are sold off.See the full content of this document
Extract
Darling Makes Plans to Split Up State-Run Banks
The "viable" part of the completely nationalised Northern Rock could be sold by the end of this year, he said.
Private investme...See the full content of this document
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