Yahoo! News: World - Britain

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• UK; 3 big banks to sell 100s of branches (AP)
• Britain to create three new retail banks: official (AFP)
• No state bailout to safeguard British GP - minister (AFP)
• Soldier killed in Afghanistan explosion (AFP)

UK; 3 big banks to sell 100s of branches (AP) Posted: 01 Nov 2009 05:01 PM PST AP - Big British banks bailed out by taxpayers in the wake of the credit crunch will have to sell off large chunks of their businesses in exchange for the billions in state aid they received during the crisis, the government said Sunday.

Britain to create three new retail banks: official (AFP) Posted: 01 Nov 2009 12:39 PM PST AFP - Britain's government is to create three new high street banks from bailed out lenders Royal Bank of Scotland, Lloyds Banking Group and Northern Rock, finance minister Alistair Darling said Sunday.

No state bailout to safeguard British GP - minister (AFP) Posted: 01 Nov 2009 08:08 AM PST AFP - Business Secretary Peter Mandelson on Sunday urged motor racing chief Bernie Ecclestone to safeguard the future of the British Grand Prix, but said no state funds would be used to broker a deal.

Soldier killed in Afghanistan explosion (AFP) Posted: 01 Nov 2009 05:11 AM PST AFP - A British soldier has been killed in an explosion in southern Afghanistan, the Ministry of Defence said on Sunday.

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