Ring Fence Retail? | Frances Coppola
Frances Coppola makes an interesting commentary on who brings risk into banking, and in the case of HBOS, not scary derivatives traders, but people who were supposed to provide a safe retail bank business. The assumption so far is that retail banking is "safe", but the outcome of HBOS paints quite a different picture, and is similar to the situation at Northern Rock I suspect. Coppola Comment: Something's rotten in retail banking.