Ed Miliband tells British banks: change now or be broken up

Labour leader gives ultimatum to City and says: 'We will split off casino operations'Ed Miliband will make his boldest, most controversial policy commitment since becoming Labour leader on Sunday when he pledges to force the break-up of Britain's biggest banks unless they agree to revolutionise their operations and put ordinary customers first.In an interview with the Observer, the Labour leader says he will confront the City of London with what is seen as the nuclear option for reform if the ba...