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Breakingviews: Stop dithering over Co-op

Tuesday, June 04, 2013 - 04:49

June 4 - The need to sustain competition in UK banking should guarantee its future. But that doesn't mean it could withstand deposit flight, says Breakingviews.

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-- breaking news the UK should stop dithering over -- who won the efficiency revolution. Could -- able to shame Chris Hughes. Is that with what his previous press and that's all it can all. You say you know much depends on how big capital holes -- potentially is that capital. Well by our estimates -- around 800 million. Pounds. If couple. Is we meet the new balls -- three count performance and achieve 7% -- to one mission which is the with the minimum being talked about for the UK banks from us. That's the big number for -- of the slowness of total. It could potentially. Get that by it's been. Bits and bolts and tons of some assets rules is some sort why doesn't do well. This it was all about the situation is that. If he's there we have this big downgrade our immunities which. Sudden it's on the coal from the sort of fighting force than. UK banking is the -- is much needed. Competitive. Threats to kind of amendment we go militants -- crisis there. And it's been a long time in. That until we start to assume that now have a clear. Statement from murderers about what it needs or any kind of -- couple -- -- who do you think the government stood up its act and could release you run. Well that's already been we know that there have been some -- -- with rules. I mean -- ounces of fortunately televised has that were few strong liquidity position all of his assets are encouraged. Tunnels has benefited from from from the things our house this great big buff. And what one wonders whether I actually thought I could -- It is feeding this sort of moved with seeming lack of urgency from northern -- The notice that tell you -- have a major deposit slightly concurrent with. In with with tools Christians and fall but I'll be very complacent. Prophecies has -- my -- was -- This sustained with tools missed the polls that's. I'm really you know you do -- wrong. Look if that if the if the if -- regulates is. Get there together and present narrative was needed and we have a clear plan. About what -- their income has lots of options. In terms of heart and sort of comparable. In this this situation continued to stabilize market. I'm excited to tell us. Mariam. -- efficiency revolution put show to shame. This is amazing this number. Back to energy efficiency can say -- 23 million barrels of oil a day. Twice saudis -- part -- it does put this whole. Shame on humans and to suspect that -- focused for the heat and a huge numbers of these at DeWitt Gonzales Torres sent us -- petroleum. It's. It's obvious you know I mean America certainly it is it is from a muted -- there is adamant that they would say that would make this is from. The America that this American council for. Unfortunately. No let's long -- with -- efficient energy use but as you say it really puts in perspective what. What to what what. What was new -- output is I think. Through the economy the difficulty with with. And -- and his efficiency. Is creating incentives. For. -- of the economy from top to -- and -- -- actually. Put in place were -- and so it picnic -- landlord for his own -- What is incentive for you to give your attendance. In a more efficient -- your organs of the benefits. They get -- to build themselves -- -- and some -- But which obviously there is equivalent to finding a bit of shelter us. But there -- some structural impediments to dark kind of gained being realized that it. It's of rating not the problem on the Christmas however to Europe's removed from -- where we -- that they to a more efficient energy efficient. On the comic that you need the carrot and stick these tax system. But as tight -- it it would be like having finding another sort of another another sale. All right Chris thanks very much indeed Chris series in front both of those -- course. How the breaking news website for more generous audience I would try US show. Every day twelve birdies in 1630 GMT. I'm -- problems is prices.

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Breakingviews: Stop dithering over Co-op

Tuesday, June 04, 2013 - 04:49