Photo Gallery: EU Weighs Splitting Up Major Banks
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Photo Gallery: EU Weighs Splitting Up Major Banks

Plan to Avoid More Bailouts EU Considers Splitting Up Major Banks

EU Commissioner Michel Barnier has asked experts to examine the possibility of splitting up major European banks to avoid future bailouts at taxpayers' expense. But even less radical intervention in the banking sector could have drastic consequences for the industry, and its powerful lobby is resisting any such change.
Translated from the German by Christopher Sultan