Please let me know what are some examples of Banach algerba $A$ for which $A^2=A$ ( that is, $a^2=a$ for each $a\in A$). A direct application of the cohen factorization theorem shows that if $A$ has an approximate identity, then $A$ satisfies this condition. But what are examples of Banach algerbas with this property but not without an approximate identity.
Thank you.
There is no such Banach algebra except $\{0\}$. If $a =a^{2}$ then $\|a\| =\|a^{2}\|\leq \|a\|^{2}$ so $\|a\| \geq 1$ whenever $a \neq 0$ which is absurd.