Sentence examples for of universal banking from inspiring English sources

But it would lose some benefits of universal banking.

"The UK has rejected the concept of universal banking," he said.

With the advent of universal banking, and therefore traceable money, gangsters began to look for ways to disguise their earnings.

In the run-up to the crisis and right through it most big banks converged on some variant of universal banking, combining both retail and investment business.

In recent years the trend has been towards some form of universal banking, with the same bank providing both retail and investment services.

"If all the measures before us were implemented as proposed," Anshu Jain, the co-chief executive of Deutsche Bank, told an audience in Frankfurt last month, "they would practically spell the end of over 100 years of universal banking in Europe".

While this would not quite mean a return in America to the separation of commercial banking and investment banking that ended with the repeal of the Glass-Steagall act in 1999, it would strongly encourage the investment-banking arms of universal banks to focus on client businesses, such as merger advice, rather than trading.

The British government is set to adopt the recommendations of an independent commission in Britain, which include the adoption of a "ring fence" that would force the retail and investment-banking arms of universal banks to have their own capital buffers, shielding depositors from losses in the investment bank but retaining some diversification benefits.

First, there is the decline of stand-alone investment banks, and the concomitant resurgence of universal banks, which combine investment banking with the simpler commercial- and retail-banking sort.

But the scrapping of Glass-Steagall and the arrival of universal banks on the European model have blown it apart.

We would more likely have had a system of universal banks engaged in lending, deposit taking, and securities and derivatives activities.