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.
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