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Further details of the banking plans are now on the Lib Dem website.
Wolfgang Schäuble, the German finance minister, repeating a theme he has been stressing lately, said a change to the E.U. treaty — a politically hazardous process that can take years — would be needed to carry out those banking plans in full.
Ahead of the start of the Ashes - which may prove a distraction - and the government's long awaited banking plans, the FTSE 100 has edged down 16.63 points to 4170.37.
UBS is expected to reveal the investment banking plans to investors at the Waldorf-Astoria in New York on Nov. 17, but some analysts said the bank might present some details on Tuesday;, when it releases its third-quarter earnings figures.
Frank Keating, the president and C.E.O. of the American Bankers Association, which was one of the most vocal opponents of Walmart's earlier banking plans, put out a relatively tepid statement: "While our industry is always seeking new ways of reaching the unbanked, we are watching Walmart very carefully.
"We're going to introduce banking in a different way to our clients," says Krieg of Stash's banking plans.
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TODAY's recommended economics writing:The discussion of Tim Geithner's banking plan continues.
The banking plan oration stamps was put into effect late in January.
The banking plan is incomplete, and there is zero political will to pay for it.
I heard something about that whole banking plan from somebody this week, I think!
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