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U.K. Regulators Vow to Break up Big Banks that Break Their Rules; 2 Barclays' Execs Step Down; New Citi Exec Steps In

FEB 4, 2013 9:00am ET

Receiving Wide Coverage ... The Electric Ring Fence: Would the threat of a break up keep big banks from violating the law? U.K. regulators appear to believe so as they are set to announce new powers today that will give them the authority to break up banks that flout ring-fencing rules in their Banking Reform Bill. "In America and elsewhere, banks found ways to undermine and get around the rules," U.K. Treasury chief George Osborne is…

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