Why Big Banks Don't Want Your Money

Big banks should stop breaking laws and get better tech.

In search of a strategy.

Photograper: Martin Leissl / Bloomberg

With two of the world's largest banks -- HSBC and Deutsche Bank -- facing huge fines for transgressions in dealing with investors and wealthy clients, markets' attention is focused on what they plan to do with their retail units. This is strange, because getting rid of these operations would hardly be the most logical or inspired solution to their problems.

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