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Page last updated at 05:19 GMT, Sunday, 1 November 2009

Government to set up bank chains

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Chancellor Alistair Darling has confirmed that three new High Street banking chains are to be created by the government by 2015 as part of a major overhaul.

They will be set up by breaking up Royal Bank of Scotland, Lloyds and Northern Rock, the banks it partially or wholly controls after bail-outs.

Jon Lynam reports.

READ MORE: Overhaul of High Street banks planned

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