European Governments to Break up Big Bankrupt Banks. Lloyds, Royal Bank of Scotland and Northern Rock will be broken up and parts of their businesses sold off to create three new banks. ministers were “determined” to see more competition in the market, following the 1.2 trillion bailout of the sector which resulted in the loss of three independent banks.Ministers want to drive competition in a sector they believe is too concentrated in the hands of the “Big Four” of Barclays, HSBC, Lloyds and RBS.

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