British Banks Face Most Radical Overhaul In Decades
By: Philip Reeves
September 13, 2011
Britain is set to change its financial laws. Officials say it's an attempt to prevent taxpayers from ever again having to spend tens of billions of dollars to save banks from collapse. Among other things, banks would be required to set aside more money as a cushion against possible losses.
When you give to WAMU, your tax-deductible membership gift helps make possible award-winning programs such as Morning Edition, All Things Considered, The Diane Rehm Show, The Kojo Nnamdi Show, and other favorites.