Bank shares led the FTSE 100 higher in early trading as investors breathed a sigh of relief that the Independent Commission on Banking had opted to ring-fence banks rather than break them up.
Shares in Barclays and Royal Bank of Scotland are the big winners following the ICB's proposals, revealed today.
Barclays is ahead 4.2% at 309.65p, while RBS is up 2.8% at 44.65p.
The FTSE 100 was up marginally at 6,062.52 points, ahead by 6.8 points.
Lloyds, which has been ordered to sell branches by the ICB, is ahead 1.1% at 62.83p.
Clarke replacing Balkham
'Deep-dive analysis of client behaviour'
Ways to mitigate April’s increases
The best equity income funds examined