Barclays’ Diamond argues case for universal banking

bob-diamond

Bob Diamond, the chief executive of Barclays Bank, has parried claims that combining retail with investment banking threatens financial stability, saying the universal model not only enabled banks to lend for less, but was also less risky.

In an at-times testy hearing with British lawmakers from the influential Treasury Committee on Tuesday, Diamond said: "Our business model of universal banking is a good starting position [for avoiding failure]. It's good for diversifying clients, deposits and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here