The research division is led by an unusual pair, given the increased attention to clear separations between banking and research.

For several years he divided his time between banking and the law.

The interaction between central banking and currency basis formed the primary source of monetary instability during this period.

Many European countries, for instance, had already torn down the firewall between banking and insurance.

Those proposals leave too many holes in the wall that firms are supposed to maintain between research and banking, critics contend.

These factors have led to a situation where in the UK, for example, the division between commercial and investment banking has largely been eroded.

Passed in 1933, in reaction to thousands of bank failures, the act set a gulf between commercial and investment banking.

So what we're seeing is the ridiculous (i.e. done for political reasons) division between retail and investment banking.

There's a real debate with a lot of intellectual effort required to discuss this relationship between retail and investment banking.

"You can't marry cultures between commercial banking and investment banking."