Archbishop Urges Cameron to Recapitalize, Break Up a Bank
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The Archbishop of Canterbury said the U.K. government should consider recapitalizing and breaking up at least one bank and called for the introduction of stronger professional standards in the finance industry.
Justin Welby, a former oil executive who was inaugurated as the head of the Anglican church on March 21, sits on Parliament’s Banking Commission, which is looking into the behavior and practices of U.K. finance.