From ACT Wiki
A universal bank is one that undertakes a wide range of activities and services, generally covering both retail commercial banking and investment banking.
The end of universal banking
- "It now seems that the threat to universal banking has become official, after Bank of England governor Mark Carney warned in late January that, in time, fintech could 'signal the end of universal banking as we know it.' "
- The Treasurer magazine, March 2017, p32 - Nick Hood, business risk analyst, Opus Business Services Group.