Energy sapping
Left to right: Noah Bulkin and John Lynch A sorry retail
Matthew Wyles
The retail banking industry in the UK has been unsophisticated and lacking in transparency for too long. Now is the time for the banks to move boldly and learn from other retail sectors. Writer Michelle Price.
Philip Hammond
London’s role as a global financial centre has been damaged by the current crisis and the UK’s ruling Labour Party must bear some of the responsibility for this. However, there is a political consensus to remedy the situation.
Diversify and survive
Understanding UK bank strategies can be difficult. The past year has seen not only Royal Bank of Scotland’s joint acquisition of the Netherlands’ giant ABN AMRO but also the disastrous run on Northern Rock, record 2007 profits at HSBC Holdings and, last month, RBS’s first half-year loss in 40 years, following $11.4bn in writedowns.



