Britiain Breaking Up Big Banks

The British government is moving to break up parts of major financial institutions bailed out by taxpayers, with a restructuring plan expected to be unveiled as soon as Tuesday. The move highlights a growing divide across the Atlantic over how to deal with the massive banks partially nationalized during the height of the financial crisis.

From "British plan breakup of bailed-out banks: Some want U.S. to follow suit to increase financial competition" by Anthony Faiola, Washington Post Foreign Service, Tuesday, November 3, 2009.