UK's new banking commission to publish 'issues paper' in autumn

Report on breaking up too-big-to-fail firms 'to stimulate public debate'

The UK's new banking commission will publish an "issues paper" in the autumn as it weighs up whether to recommend major changes to the banking system like breaking up retail and investment banking and breaking up too-big-to fail firms.

The commission, which was established by the new Conservative-Liberal Democrat coalition government in May, met for the first time Friday in London.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached