This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Barclays May Dodge Regulatory Bullet

NEW YORK ( TheStreet) -- Barclays (BCS) and RBS (RBS - Get Report) came out of a UK government review relatively unscathed after threats to leave the country if new regulations became reality.

A draft report by the Independent Commission on Banking issued Monday said that it is unlikely they will require banks which combine retail and investment operations to be broken up. Instead, they may have to have to, "ring-fence" each division.

The restructuring may be costly for banks such as Barclays and Standard Chartered. Barclays, HSBC (HBC) and Standard Chartered (STAN) have all said they would leave London if proposals by Sir John Vickers and the committee to reform the UK banking system were too restrictive.

Lloyds (LYG - Get Report) was the main loser of the review and may have to dispose of more branches, according to published reports. The bank is already in the process of selling a 600 branch network, according to The Wall Street Journal.

A final report by the Independent Commission on Banking is due out in September and reforms are likely to take place in 2012.

--Written by Maria Woehr in New York.

To contact the writer of this article, click here: Maria Woehr.

To follow the writer on Twitter, go to

To submit a news tip, send an email to:

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
HBC $0.00 0.00%
BCS $9.52 -5.37%
LYG $3.47 -4.14%
RBS $6.66 -4.86%
AAPL $95.01 1.05%


Chart of I:DJI
DOW 16,027.05 -177.92 -1.10%
S&P 500 1,853.44 -26.61 -1.42%
NASDAQ 4,283.7530 -79.3910 -1.82%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs