Steve Young: why the Lloyds deal collapse could hit advice

The central decision not to proceed appears to be based upon a belief that the potential returns from an expanded Co-op Bank would be insufficient to balance out the risks from a deteriorating economy and, from the increasing regulatory requirements being applied to banking across the world. Ironically, 'verde' is the Spanish word for green but the decision has produced a red light for the government's desire to increase competition within the UK banking market. I have always been an advocate for proportionate regulation and I am not one of those people who believe that laissez-faire ...