Bailey: City Red Tape Should 'Flush Out' Excessive Bank Profits, Not Cap Them

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Finance

15 July 2026 at 5:16 am

Bailey: City Red Tape Should 'Flush Out' Excessive Bank Profits, Not Cap Them

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Summary

Andrew Bailey stated that City red tape should 'flush out' excessive bank profits but not cap them, arguing that less regulation is 'unhelpfully reductive'.

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Bailey: City Red Tape Should 'Flush Out' Excessive Bank Profits, Not Cap Them | News Studio | News Studio