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Still, JPMorgan on Friday highlighted some encouraging signs for its consumer divisions.
By contrast, the 30 banks with the country's largest consumer divisions gained only 1percentt in deposits after subtracting customers added through acquisitions.
But Berenberg analysts repeated a sell recommendation on the bank, which also announced the merger of its wholesale and consumer divisions.
The company said last week that it had cut 75 jobs in the corporate and consumer divisions at its Madison headquarters.
When Heinz Bauer bought Emap's consumer divisions in 2008 – to add to his original UK arm H Bauer, the publisher of Take A Break – many in the industry expected radical change and pondered Keenan's fate.
It helps that Yahoo already has a big audience in other consumer divisions.
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Both were part of the consumer division.
John Petter, head of BT's consumer division, defended the deal.
"We've had a fantastic year in our consumer division.
Joined Telewest in 2000 as managing director of its consumer division, leaving in 2004 to join BT as managing director of BT Retail's consumer division.
Sales in Cisco's consumer division tumbled 15 percent in the most recent quarter.
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