Bank is considering temporary whisk to protect credit rating but plan is likely to fuel debate over whether post-crisis rules are being weakenedBarclays appears to be considering ways to defy the strict separation of its tall street operations from its investment bank,in a whisk likely to inflame the debate over whether rules designed to prevent a second banking crisis are being watered down. The bank, which is poised to name ex-investment banker Jes Staley as its next boss, or is considering a plan that would put its retail banking arm under the ownership of its investment bank. Although temporary,the arrangement could final years. Related: The banking crisis, seven years on: how much has changed? Continue reading...
Source: theguardian.com