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A stock photo of a person working on their finances on a computer.
A stock photo of a person working on their finances on a computer.
(Carlos Andre Santos/Getty Images/iStockphoto)

From Google Wallet to bitcoin, banks’ grip on savers is loosening

London’s stock market is poised for a bank equity binge in 2014 with several financial groups hoping to sell off portfolios of retail banks in a gathering U.K. recovery. That’s the story, from government and corporate spinners, but you might wonder if behind the scenes, the hidden plan might be the dumping of redundant high-street banks before their bread-and-butter business is lost for good, devoured by Google and Facebook.