Britain banks

Britain has ordered two state-rescued banks to sell off branches and meet new tough requirements in an effort to promote competition and appease EU authorities. Britain is looking foreigners who can buy the banks so this competition accomplish his gold, the government couldn’t get this banks because this cause the total control of Britain bank economy and it goes against its way of govern.

They are looking for the reduction of the world recession; the banks will be required to make divestments of significant parts of their businesses over the next four years. For Britain people this is not going to change the way of managing their money, this will only change the way of the structure and the control that the new owner is going to impose, so they gave people new deals and better ways to keep their money.

The treasury department said the two banks would between them have to sell off businesses equating to 10 per cent of the UK retail banking market