Similar protections existed for ibanks not to do retail till a while before in the U.S. It is to prevent a conflict of interest , the banking division can refu

Similar protections existed for ibanks not to do retail till a while before in the U.S. It is to prevent a conflict of interest , the banking division can refuse to finance a competitor , give very cheap financing ignore the risk of the non finance business etc, to put it in monopoly terms , you wouldn’t the player being banker to give cheap loans to himself while refusing to give you money right ?