Ed Miliband: 'Let's turn five banks into at least seven banks'

Ed Miliband has said that the four largest banks - which account for 85% of the market - should be broken up. He said: "if we want a productive banking sector we should break up our big banks"

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Labour's 'banking revolution'

Labour leader Ed Miliband has called for a major overhaul in the banking sector. Miliband called for an increase in the power of the Serious Fraud Office and an end to 'light touch' regulation.