Financial Times FT.com

ING move a warning to UK banks

By Michael Steen in Amsterdam and Sharlene Goff and George Parker in London

Published: October 26 2009 21:26 | Last updated: October 26 2009 21:26

The radical break-up of ING forced on it by the European Commission will send a warning signal to British government-backed banks.

One official working on the ING case said that it would have people at Lloyds and Royal Bank of Scotland “quaking in their boots”.

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