Britain's banks were warned today that they would be broken up if they didn't separate their high street operations from their riskier investment banking arms.
Chancellor George Osborne said it was to protect the taxpayer, who would never again bail them out.
ITV News Business Editor Laura Kuenssberg reports on the banking reforms:
More top news
Grant Shapps and Lord Feldman should stand down for their alleged inaction over bullying claims, father of activist who killed himself says.
Scans show there is a 90% chance Tutankhamun's tomb contains a hidden chamber - the last resting place of Queen Nefertiti.
A pregnant woman suffered broken bones and is to undergo surgery after being thrown on to the bonnet of a car in a collision.