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Lloyds chief banks on cuts to fund growth

July 1, 2011

Investors may be impressed by Lloyds boss Horta-Osorio's cost-cutting prowess. Convincing them that the bank can grow will be a harder slog.

UK bank commission sticks to its guns

September 12, 2011

Britain's Independent Commission on Banking has stuck to its guns. Despite concerted industry lobbying and growing political nervousness about the consequences of reform, its recommendations on how to fix Britain's banking system are resolutely tough.