Well it was approved, but there will be no short term uplift in stock or equity values nor should there be, it simply would sow the seeds for further self destruction down the line. Walk down any high St in Britain and you will see what part of the problem is, there is a blight of banks on every corner all jostling for share of an ever decreasing market. It's a hopelessly blaoted industry with layer upon layer of management, vast and expensive Boards, and high roller gamblers with huge amounts of customer cash at their disposal. This has been coming for a long time, the Global economy will survive and be better for it.