CITY VIEWS: DO WE NEED ANOTHER RETAIL BANK?
JASON PHILLIPS | REED PROFESSIONAL
“It’s definitely a good idea to open up to another bank. All we have at the moment is the big four, and they’re doing an awful job. The regulations on them are too lax, so they can pull in huge profits.”
ANDREW CUSKELLY | EMC
“I think another bank would be a good idea, as the current ones could offer more and just aren’t doing a very good job. On a personal level, I’d welcome a new high street branch just for better use of technology and online services.”
TRISTAN DUPPEN | BLOOMBERG
“To have another high street bank wouldn’t hurt. But I think the first thing that needs to happen is we need a clearer picture of how separate the retail arms are from investment arms of the existing banks.”
* These views are those of the individuals above and not necessarily those of their company.