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
As many as 2,000 British holidaymakers could be among those stuck at emergency accommodation as snow causes chaos for holidaymakers.
Tributes have beenb paid to Harry Potter and Outnumbered actor David Ryall who died on Christmas Day aged 79.
We are set to enjoy some sunshine after all that ice, snow and frost - albeit with temperatures still low.