Summary
PRESSURE on the government to break up the state-owned banks intensified as a watchdog said there are risks the City bailout could 'unduly distort' competition.
The Office of Fair Trading said the Treasury must ensure its selloff of UK bank stakes is as 'procompetitive' as possible, and that no single firm or firms should be 'dominant in the market'.See the full content of this document
Extract
Watchdog Warns On State-Owned Banks
It also warned that the City meltdown 'has had a huge negative impact on consumer credit markets'.
The words,...See the full content of this document
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