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UK retail banking and small business customers are paying for the mistakes made by Britain's big banks in the financial crisis by their investment banking divisions, where losses are five times higher than in retail banking, a City analyst has warned.
Bruce Packard at Seymour Pierce said that, according to 'the bankers' paradox', those most in need of assistance are the least likely to be given help. "With £75bn of cumulative investment banking losses – five times higher than UK retail banking losses – we are rather surprised that UK banks haven't given their markets divisions the cold shoulder."
Link
http://www.guardian.co.uk/business/2010/aug/19/banking-small-business
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