High Street Banks Could Go Way of Department Stores, Says Hedge Fund Tycoon Crispin Odey

(Telegraph) High street banks are starting to resemble ailing department stores such as House of Fraser by failing to keep up with online rivals, hedge fund tycoon Crispin Odey has said. London-based Mr Odey wrote in a letter to investors that banking was a “serial lagging sector, luring every year value investors to their deaths”.

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