Deutsche Bank headquarters
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EU says banks should split risky trading from banking

2 October 2012 Last updated at 19:01 BST

A European Union advisory group says that Europe's banks should be split into separate legal entities, in order to protect ordinary retail banking from risky trading.

The review was set up to look at whether banks should be structurally reformed to avoid another crisis.

The group agreed that banks should separate certain high-risk banking activities from everyday banking.

Brian Milligan reports.