Cash withdrawals, Spanish debt, and banking separation - here's your need-to-know business news roundup.
RBS and Natwest customers can now withdraw money without a cash card in a scheme that could be rolled out across other banks.
The GetCash system delivers a code to the user’s mobile phone, which they use instead of their card. [Guardian]
The cost of Spanish debt has jumped again following downgrades of the country’s credit rating.
Spanish 10-year bonds are now above 7 per cent – a level that is widely considered to be unsustainable. [BBC]
The government is set to separate retail and investment banking following the adoption of large parts of a report from the Independent Commission on Banking.
The proposals, which the government says will help secure the banking sector, will be published in a White Paper today. [Reuters]