Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Bank shares soared yesterday amid growing signs that plans to ring-fence their retail and investment operations will be delayed until at least 2015.
Royal Bank of Scotland shares rose 6 per cent to 25.8p, while Barclays was up 5 per cent at 179p and Lloyds rose 4 per cent to 35.1p.
As The Independent reported yesterday, David Cameron and the Chancellor, George Osborne, are sympathetic to the banks' pleas to be given several years to erect the "firewalls" to be recommended by the Independent Commission on Banking on 12 September.
A long delay has been opposed by the Liberal Democrats. But the Coalition is heading towards a compromise under which the legislation would be passed before the next general election, due in 2015, but would not take effect until afterwards.
UK Financial Investments, which manages the taxpayers' stake in Lloyds and RBS, is said to have warned the Chancellor that implementing the proposed reforms before 2015 could hit the value of its investments by between £5bn and £10bn.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments