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In 2007, Kenyan telecom company Safaricom launched its M-PESA mobile money service to a market lacking retail banking infrastructure yet abundant in mobile phone users.
Ismail Erturk, senior lecturer in banking at Manchester Business School, said the problem was sparked because retail banking arms depend on product sales to make money: "Sales-driven performance targets in retail banking is causing mis-selling and unhealthy focus on cost ratios is causing under-investment in retail banking infrastructure.
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It operates through the following segments: Retail Banking - Household, Retail Banking - Small Business, Corporate Banking, Middle Market Banking, Private Banking, and Financial Management.
Energy-rich Qatar is an important hub for infrastructure finance, with ambitions to develop further business in wealth management, private equity, retail banking and insurance.
"They haven't just focused on the retail banking side of the business - but they've also focused on the corporate and commercial sectors, infrastructure and project development.
Not only should there now be a clean break between investment and retail banking, the big five should be broken up to provide the smaller specialist banks Britain now needs focusing on infrastructure, innovation and science, regional industrial clusters, the green economy and SMEs.
We will destroy your critical banking infrastructure".
Retail banking is a notoriously local business.
Traditional retail banking is almost as lucrative.
Splitting investment from retail banking will not abolish banking crises.
"Retail banking has the best management.
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