This week, the banking team discuss recent transatlantic spats over bank regulation, as Michel Barnier, the EU commissioner in charge of financial services warns the US on bank 'protectionism'. Miles Johnson, Madrid correspondent looks at the reasons behind Santander chief executive Alfredo Sáenz's resignation, and the team discuss the UK government's reprivatisation agenda for RBS and Lloyds as Jim O'Neil, the UK Financial Investments chief executive and the man appointed to oversee this element of the financial recovery steps down.

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