THE RETAIL BULLETIN - The home of retail news
Lest we forget
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
HOME  |  LEGAL
Three new high-street banks to be created

Following plans being outlined this week for the creation of three new banks, each containing millions of customers and hundreds of branches, which will be offered to the highest bidder, Robin Johnson, partner at international law firm Eversheds comments:

LEGAL

Three new high-street banks to be created

Following plans being outlined this week for the creation of three new banks, each containing millions of customers and hundreds of branches, which will be offered to the highest bidder, Robin Johnson, partner at international law firm Eversheds comments:

“This is a necessity in order to build confidence in the banking sector and should be strongly supported and welcomed. However, the FSA, Treasury and Bank of England must build consumer confidence through distinguishing the new banks from the ones that have gone before.

“The government should consider a US style Glass Steagall Act whereby the new banks are limited to taking retail receipts and personal consumer or mortgage lending, but should not be allowed to trade either as principal or lend in the wholesale or derivative markets. While the EU will need to approve the split of government funded banks, the overriding consumer benefit principle should make this is a formality.”

For further information please contact robinjohnson@eversheds.com

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

The Retail Design Seminar 2018
The Retail Design Seminar 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Seminar 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
AI in Retail Conference 2019
AI in Retail Conference 2019
18 September 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Retail marketing is changing pace rapidly by making communication across all platforms personalised, relevant, efficient, and helpful. AI not only helps shoppers find a perfect product but also pre-empts the shopping behaviour and speeds up payment.
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019