The Prime Minister's spokesman has said that Co-operative Group's decision not to buy more than 600 branches from Lloyds was a matter for the two companies.
But on the wider point of banking reform, he told me:
I think that there are reforms in thefinancial arena that have made the UK financial sector safer and stronger and anumber of measures are benefitting consumers including through choice.
The Co-op reportedly cited regulatory requirements as one of the reasons for the collapse of the deal.
More top news
Hundreds of operations will be cancelled and waiting lists will grow if the NHS is as busy as last winter, according to Labour analysis.
A 28-year-old man has been charged over the stabbing of a surgeon outside a mosque.
A quiet night to come across the UK.