U.K. Banks Seek Clarity on How to Split Off Retail Businesses

  • British Bankers' Association: unclear rules may cause delay
  • Jan. 29, 2016 is deadline for submitting `near-final' plans

Banks need clarification on U.K. requirements that their investment banking units must be separated from core retail businesses, the British Bankers’ Association said, as the deadline approaches for the banks to present “near-final” plans to regulators on how they’ll accomplish the split.

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