Kroes sets sights on RBS and Lloyds disposals

Article reports that Neelie Kroes, the European Union Competition Commissioner, will warn UK banks for a second time within a week that they may have to make disposals as a condition for the granting of state aid in a speech to the British Bankers' Association The Annual International Banking Conference, London, 30 June 2009.

European Commission: SPEECH/09/324: Neelie Kroes European Commissioner for Competition Did government interventions help in the crisis? Address at International Banking Conference of British Bankers Association London, 30 June 2009 http://europa.eu/rapid/pressReleasesAction.do?reference=SPEECH/09/324&format=DOC&aged=0&language=EN&guiLanguage=en

ESO: Background information: UK braced for call to shrink Lloyds http://www.europeansources.info/record/uk-braced-for-call-to-shrink-lloyds/

European Commission: DG Competition: Sectors: Financial services: Competition policy and the financial/banking crisis: taking action http://ec.europa.eu/competition/sectors/financial_services/financial_crisis_en.html

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