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RETAIL BANKING | Staff Reporter, Singapore

Here's why investment bankers have raised hackles of retail banks

A London-based banking analyst will give a glimpse on what's going on in universal banks.

In a release, the issue of burgeoning concern around the world about protecting the retail bank from investment bankers is being talked about. People are getting the impression that finance moguls cannot be trusted to come near the savings of the public.

To answer these issues, Bruce Packard, an independent London-based banking analyst, will look at what really goes on in universal banks, combining both retail banking and investment banking in one entity in a webinar.

Without doubt, opinions from  both sides of the Atlantic seems to be turning against the Anglo-Saxon universal bank. Even Sandy Weill, the archetypal Wall Street wheeler-dealer and former investment banker says it is time to separate deposit-taking from the securities industry.

Among many other issues, the webinar will discuss:

• How investment banks can so easily become large and powerful when they live off the back of retail banks

• What will happen when the retail bank is ring-fenced and the investment bank has to fund itself without the benefit of the retail bank's credit rating and implicit state guarantee

• Whether investment banks should be required to go back to having unlimited liability for key partners

• The temptations within universal banks to abuse transfer pricing to boost the investment banking profit pool - and pay inflated bonuses to senior investment bankers

• How the culture of investment banking always seems to dominate in universal banks - and why it is so damaging to the retail bank and most of all to retail banking clients

• The case for Glass-Steagall-type total separation of retail banking from investment banking and insurance

Webinar will be held on Tuesday, 14 August 2012 15:00 – 16:00 (London time).

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