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    #1

    choose between them

    Dear all,

    How should I understand the underlined?
    What does "them" refer to in the context?

    Thanks in advance.

    Eartha

    Such problems suggest regulators ought to look for more subtle interventions than simply
    carving banks up. One example might be the “ring fence” approach proposed by an independent
    commission in Britain, in which banks would have to stump up enough capital and liquidity to
    support each business but not be forced to choose between them.

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    #2

    Re: choose between them

    I can't tell from this excerpt.

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    #3

    Re: choose between them

    To me 'them' refers to 'each business'.

    Rover

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