And while the experts find it easy to diagnose problems, they admit solutions are harder to find - particularly at a time when the financial industry is under pressure to roll out new banking apps and other online services.

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However, banking analysts warn the new consumer protections could paradoxically lead to a reduction in banking services for low- and moderate-income people.

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The new development is creating a demand for banking services and retirement planning in order to serve the middle class.

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In owning select institutions that he expects to be acquirers, targets or investment banking intermediaries in a new wave of financial services mergers and acquisitions.

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Commerce is well known in the New York area for consumer-friendly services like weekend banking hours and coin-sorting machines.

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HBOS, created by the merger of Halifax and Bank of Scotland in 2001, hoped to become a powerful new competitive force in British banking, offering superior prices and services to households and businesses.

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Headquartered in New York, Evercore provides various investment banking advisory and investment management services.

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But at the same time the banking industry was in the High Court, contesting new rules from the Financial Services Authority (FSA) which said that all past PPI sales should be reviewed to uncover cases of mis-selling.

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New mobile innovations for financial services are taking off in emerging markets that lack a traditional banking infrastructure.

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