I think Anthony Jenkins interview in the FT yesterday

http://www.ft.com/cms/s/0/ef588b42-860a-11e4-b248-00144feabdc0.html?siteedition=uk#axzz3MEdEZ6qx

where he says that "Universal banking is dead" is hugely significant. He is not blaming regulators, or higher capital requirements. But saying they have to invest where they have competitive advantage, instead of trying to be all things to all people. See blog post for more details.

http://blog.lafferty.com/index.php/barclays-chief-executive-declares-death-of-universal-banking/

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