Ed Miliband is expected to propose a cap on the size of UK banks in a move to increase competition in the market.
The Telegraph reported that the Labour leader is set to outline the proposals in a speech this Friday and will suggest preventing any one bank from holding more than between 20% and 25% of the British banking market.
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Four young children have been found stabbed to death at an apartment complex in Tennessee and their mother is in custody, police have said.
Kelly Mahon, 41, was arrested on the afternoon of the "pre-planned" abduction in Telford, Shropshire on February 24.
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