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Business Matters: Banks: The End of 'Too Big to Fail'

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11/11/2014

Banks: The End of 'Too Big to Fail'

BBC World Service - Business Matters, Banks: The End of 'Too Big to Fail'

New rules are announced that promise an end to banks that are 'too big to fail'

New rules promise an end to taxpayer-funded bailouts of banks judged 'too big to fail'. Plus, President Obama weighs into the heated 'net neutrality' debate in the US.

New rules are announced that promise an end to taxpayer-funded bailouts of banks judged "too big to fail". We hear from their author, the Bank of England governor Mark Carney. Will the plan really make a difference? President Obama weights into the heated 'net neutrality' debate in the US, arguing that internet service providers should not be allowed to charge bandwidth-hungry websites extra to carry their content to consumers. Open net access should be seen as a basic right that all Americans can enjoy, Mr Obama says. 

Also, we delve into Scandinavian folkore to find out why Denmark is spending hundreds of thousands of dollars researching trolls. Plus our regular commentator Lucy Kellaway explains why she thinks manicures shouldn't be used as a recruiting tool. We are joined throughout the programme by Billie Whitehouse from Wearable Experiments, a company that brings together technology and fashion, and David Kuo, of The Motely Fool website.

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