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
A wintry start to the weekend
A teacher has died after being hit by a dislodged manhole cover which smashed through her windscreen.
A dog has been found with its paws frozen to the ground in a New York park after being chained to a tree.