UK to shake up banking, 100s of branches for sale (AP)

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AP - The Royal Bank of Scotland, Northern Rock, and Lloyds Banking Group are to sell off as many as 700 branches in the next few years in exchange for the public aid they received during the economic meltdown, a government official told The Associated Press on Saturday.

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These guys need to shape up big time.
The British banks, though they have a very strong image, have been mismanaging their operations for a very long time now.
 
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