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FSA warns of internet threat to banks

The Financial Services Authority has warned the banking industry that internet banking could erode their profits faster than it expects.


FSA chairman Howard Davies issued the warning in a speech to the Chartered Institute of Banking last night.


Davies rammed home the message that the advent of internet banking will allow new entrants to win customers without the massive investment required to set up a branch network.

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Healthcare predictions for 2015 from Jelf Employee Benefits

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