Banking reform: Barclays boss asks for delay

2nd September 2011

Diamond, The Guardian reports, will argue that reforms recommended by the Independent Commission on Banking will mean banks will "reduce their capacity to lend to small businesses and personal customers.

Last month Barclays Bank became the latest to register lower profits of £2.64bn compared with £3.9bn last year as it set aside a £1bn to pay for PPI misselling as reported. At the same time it announced 3,000 job losses.

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