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Goldman Sachs and Deutsche Bank are among the major banks considering additional cuts, people close to the companies said today.
The French government has a long history of stepping in to support its banks, considering them integral to the economy.
But Vickers said banks considering "hopping jurisdictions" would have to consider what their customers would think about a decision to move abroad.
Ultimately, though, Mr. Paulson decided to invest the government funds directly in the banks, considering it important to stave off disaster.
The idea of cutting corporation tax was floated in the Sunday Express last month as a way of wooing banks considering leaving the UK because of an impending Brexit.
The reason many people are carrying fewer pieces of plastic in their wallets is that banks, considering them to be bad lending risks in a deep recession, have cut off their access to credit.
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These banks consider themselves too small to risk embarrassment.
Other banks considered agricultural lending a risky, low-profit business.
It is also a sign of how creditworthy banks consider other banks.
The surprise in the budget move is that everyone but banks considered the matter already settled.
G rale As European banks consider making a bid for Soci?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com