The discreet charms of the bourgeoisie
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“If people believe the best opportunities in the Russian banking market are already over, they are kidding themselves; they haven’t even begun yet” |
In the light of the problems in the sub-prime mortgage market in the US and the associated credit crunch, is old-fashioned retail banking the new business model to follow?
Over the past few years, people have come to realize that retail banking is a very attractive business and that banks without a retail banking component tend to have much more volatile revenues.
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