Brits bust up banks; will the U.S. follow suit?


In a move that could be an indication of how the U.S. will handle the problem of banks deemed "too big to fail," the United Kingdom is forcing some of Britain's biggest banks to split themselves up.

According to this article in the Washington Post, the Royal Bank of Scotland, Lloyds Banking Group and Northern Rock have all been ordered to scale down. RBS and Lloyds are shedding branches and spinning off various divisions; Northern Rock is being split in half.