"In the interest of providing certainty for their customers, the banks and the BBA have decided that they do not intend to appeal," the BBA said.
"In the interest of providing certainty for their customers, the banks and the British Bankers Associationn have decided that they do not intend to appeal," the association, which represents British banks, said in a statement.
Nathan Bostock, chief executive of Santander UK, said: "The newly approved business model retains the majority of our operations within one ring-fenced bank, providing greater certainty for our customers and flexibility for the future".
"To help provide some certainty for our customers' travel arrangements over the Christmas period, we can now confirm we will be cancelling all flights to and from Sharm el-Sheikh until 6 January 2016.
"Our Board of Directors believes that the amended terms provide both significantly greater value to our shareholders, many of whom are Bear Stearns employees, and enhanced coverage and certainty for our customers, counterparties, and lenders," said Alan Schwartz, President and Chief Executive Officer of Bear Stearns.
In the same statement, the chief executive of Bear Stearns, Alan D. Schwartz, said: "Our board of directors believes that the amended terms provide both significantly greater value to our shareholders, many of whom are Bear Stearns employees, and enhanced coverage and certainty for our customers, counterparties, and lenders".
"In what was a very competitive tender process, we are pleased to have secured the combination of rights that we wanted, providing certainty for us and our customers," said BSkyB chief executive Jeremy Darroch.
This will provide long term stability and certainty for Royal Mail, our employees and our customers at this pivotal time.
