There’s a thought-provoking piece by Chris Skinner over at the Financial Services Club Blog on what tomorrow’s banks might look like. He presents a Ryanair-style bank as a possible business model for simplified basic banking. Here’s our take

The business model of banking giants such as RBS and Barclays, which sought to be all things to all men, appears to be broken. Conglomerate banking is now being, explicitly and implicitly, strongly discouraged. And, with the demise of retail brands such as Abbey, high-street banking is as blank a canvas as it has been for over a hundred years. The sector is entering an era of great opportunity for reinvention, new entrants and innovation. The question is, what is the best model and who will provide it