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
Iraqi forces have begun an operation to banish Islamic State from one of their last remaining strongholds in the country.
Andrew Warren and US professor Wyndham Lathem have been charged with murdering a 26-year-old man in Chicago.
There will be a few showers in the north, but otherwise dry for many with warm sunny spells before heavier rain in the south west.