As regulators join the Swiss bank in scrambling to figure out how a single suspect could have racked up as much as $2 billion worth of rotten bets over three years, analysts and politicians say the catastrophic losses reinforce the case for divorcing retail banks from their investment arms.
In Britain, plans to separate — or "ring fence" — the everyday banking familiar to most people such as deposits, mortgages, and loans from the complex and potentially dangerous investment trading have been on the cards for months. Full story
