U.K banks reverse sharp early losses as the Vickers report on reform is seen as meeker and less...

|By:, SA News Editor

U.K banks reverse sharp early losses as the Vickers report on reform is seen as meeker and less costly than anticipated. Additionally, lenders have until 2019 to implement the changes. Critics of the report "are missing the point," reads an FT op-ed. The proposed reforms have essentially ended "too big too fail."