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    Six years after Lehman’s crash, US and UK play out next financial crisis

Six years after Lehman’s crash, US and UK play out next financial crisis

War game designed to test readiness of central banks as exercise will stress-test new global regulations.
The top financial brass from the Treasuries and central banks of Britain and the US are to take part in a war game, behind closed doors in Washington on Monday, to test how they would handle another Lehman Brothers-style banking crisis .
Six years after the financial earthquake that led to the multibillion-pound taxpayer bailouts of Royal Bank of Scotland and Lloyds Banking Group, the […]

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    More competition in banking depends upon a more feasible plan

More competition in banking depends upon a more feasible plan

Ed Miliband has picked a reasonable fight with big bank bosses, but his suggested structure leaves much to be desired.  His desired structure – two new challenger banks created via divestments of branches by the current big banks – looks unworkable.  Too crude. Too costly. Too time consuming. Ed Miliband should prepare for more attacks along these lines. Executives at big banks simply hate the idea that they should be made to unload parts of their organisations.

Some of the objections carry […]

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