Full-Service Investment Bank Unrealistic for RBS: Davies

The transcript discusses RBS's strategy to downsize its investment bank and focus on UK and Ireland operations. It highlights RBS's ties with the EU and concerns over Brexit's impact. The conversation shifts to the global economic outlook, referencing secular stagnation and Japan's economic model. Finally, the potential for banking mergers in the UK and Europe is explored, noting the challenges and opportunities in the current financial landscape.

What is the current state of the global economy as described in the text?

What are the challenges faced by banks in the UK regarding mergers?

What does Sir Howard suggest about the future of small banks in Europe?