The logic of a Commerzbank and Dresdner deal would be to build up their retail banking business.
Scharf has a long history in the credit card and retail banking business, with stints at major U.S. operations.
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Boosting its retail banking business in Europe, Deutsche Bank will buy the banking operations of France's Banque Worms for an undisclosed sum.
The company said that 1, 400 jobs would go from its retail banking business in the Netherlands, with a further 1, 000 jobs going at ING Belgium.
Instead of trying to expand into investment banking, a business with juicy margins in good times but horrible losses in bad, Erste Bank has instead concentrated on expanding its retail banking business into central and eastern Europe, where it has subsidiaries stretching from Austria to Ukraine.
This could have destroyed HSBC's relatively small US retail banking business and - more importantly - severely impaired its ability to conduct business anywhere in the world: the reputational damage of being blacklisted in America would have been terrible and, without access to dollars from the New York Fed, HSBC's vast international wholesale operations would have been in trouble.
Sakura's appeal is that its retail-banking business is a cheap source of funds.
Its British retail-banking business earned a 34% return on capital.
He was replaced by Mr Jenkins, who was formerly head of retail and business banking.
SocGen has retail banking and an investment-banking business dominated by high-tech wizardry.
In November Mr Rampl reshuffled his board, appointing Johann Berger to take over corporate banking and property, and Christine Licci, former head of Citigroup's German retail-banking operation, to revamp the retail business.
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Through its banking subsidiaries, Whitney engages in commercial and retail banking and in trust business, including the taking of deposits, the making of secured and unsecured loans, the financing of commercial transactions, the issuance of credit cards, the delivery of corporate, pension and personal trust services, investment services and safe deposit rentals.
Because of an economic downturn in the UK described by NAB's chief executive Cameron Clyne as "longer and slower to recover than experienced in the 1930s following the Great Depression", the bank has decided to cut 1, 400 UK jobs, pull out of commercial property lending here and concentrate on retail and small business banking.
To do this, it is quietly trying to build up a little-known side of its business: retail banking.
Researchers continue to argue about exactly where that threshold lies, not least because retail banking is such a local business.
One reason they keep trying is that retail banking the mundane business of taking deposits and making loans has long looked dull.
And Wells Fargo, with business focused more on retail banking, has risen only about 1%.
Through its subsidiaries it engages primarily in the business of commercial and retail banking and the delivery of retail brokerage services.
That aloofness might change: Popular, whose business is purely in retail banking, has experienced even more pressures on its margins than other banks, and its share price has suffered accordingly.
Lilien said so far this year that the brokerage unit had contributed 15 cents a share, versus 17 cents from banking and 13 cents from the retail mortgage business.
Analysts were divided about how Mitchell's death would affect the bank's strategy of building further on its profitable investment banking business and raising the profile of its retail arm.
We don't mind the basic financial business of credit cards, corporate banking and retail banking.
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.
By focusing on retail, while linking banking with insurance, Lloyds has made a dull business lively and profitable.
Unlike the investment-banking business, in which banks compete internationally for custom, the retail financial-services industry is not yet a global one.
U.K. Prime Minister Cameron called on India to further open sectors such as insurance, banking and retail to overseas investment and to make it easier for foreign companies to do business there.
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