The Treasury response to Vickers' Independent Commission on Banking today says a merger of those Lloyds Banking Group assets with the existing Co-op business would mean a competitor with 7-8% of the personal current account.

BBC: Lloyds co-operates, RBS shrinks

The Vickers Commission said there should be at least 6% of the personal current account market in a new competitor, and yet Project Verde assets forced by the European Commission into a sale only represent 4.6%.

BBC: Lloyds co-operates, RBS shrinks

Establishes a voluntary personal account option aimed at matching or exceeding scheduled benefits under current law.

NPR: Bush Eyes Privatizing Social Security in Second Term

Turkey's government is trying to persuade Turks to transfer vast personal holdings of gold to the country's banking system, as it faces a bloated current-account deficit.

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