ICB report could spell trouble for investment bank funding

Industry experts have warned UK investment banks would find it difficult to fund themselves if the proposals to ring-fence a bank's retail operations set out in Monday's interim report from the Independent Commission on Banking (ICB) are implemented.

The report isn't clear on whether the envisaged ring-fencing of capital would also extend to funding – but one of the annexes states investment banks would be barred from setting up their own retail deposit business, and says they might need to take