The past decade has instigated major changes in the retail banking sector. Deregulation, through the introduction of the single market, as well as local legislation, has made it easier for financial services organisations to compete in previously inaccessible markets both domestically and overseas. In addition there has been an erosion of the differences between different types of financial services firms (eg retail and investment banks, building societies etc). Technology is also producing major changes in the banking sector and increasingly retail banks are facing competition from non-traditional financial services firms (eg supermarkets, telephone banking etc.) as well as from overseas competitors. The retail banking industry is therefore in a state of flux. Many banks have sought to improve shareholder value through mergers and acquisitions and the next few years is likely to see considerable consolidation within the industry. This book examines the performance of the banking sector over the past decade with particular emphasis on the subject of whether or not performance is related to size and can be improved by mergers / strategic alliances etc. It also compares the performance of banks with other industry sectors and concludes with an examination of likely future developments.
Book Details:
- Author: John A. Goddard
- ISBN: 9780470322390
- Year Published: 2001
- Pages: 308
- BISAC: BUS027000, BUSINESS & ECONOMICS/Finance
About the Book and Topic:
The past decade has instigated major changes in the retail banking sector. Deregulation, through the introduction of the single market, as well as local legislation, has made it easier for financial services organisations to compete in previously inaccessible markets both domestically and overseas. In addition there has been an erosion of the differences between different types of financial services firms (eg retail and investment banks, building societies etc). Technology is also producing major changes in the banking sector and increasingly retail banks are facing competition from non-traditional financial services firms (eg supermarkets, telephone banking etc.) as well as from overseas competitors. The retail banking industry is therefore in a state of flux. Many banks have sought to improve shareholder value through mergers and acquisitions and the next few years is likely to see considerable consolidation within the industry. This book examines the performance of the banking sector over the past decade with particular emphasis on the subject of whether or not performance is related to size and can be improved by mergers / strategic alliances etc. It also compares the performance of banks with other industry sectors and concludes with an examination of likely future developments.
This book is based on comprehensive and first class research of a topical subject. It is written by well respected academics in the field and, although high level and therefore specialist in nature, will be welcomed by those who require reliable information on this subject.
An illuminating view of the recent major changes in the retail banking sector, an industry which is currently in a state of flux. * Features high level research giving a comprehensive overview of the banking sector. * Thorough coverage of a topical issue.
About the Author
JOHN A. GODDARD is a Senior Lecturer at the Department of Economics, University of Wales Swansea. Prior to this he lectured at the University of Wales, Bangor, and was a researcher at the University of Leeds. He is the author of many articles in academic journals on topics including industrial economics and the economics of the professional football industry. John Goddard also has several years practitioner experience in the UK life insurance sector. PHILIP MOLYNEUX is Professor of Banking at the School of Accounting, Banking and Economics (SABE) at the University of Wales, Bangor and the Levob Special Chair of Financial Services and Financial Conglomerates at Erasmus University, Rotterdam, Netherlands. He is also co-director of the Institute of European Finance and a highly respected authority on European finance and banking. His many previous works include Financial Innovation and Efficiency in European Banking (both published by John Wiley Sons, Ltd). JOHN O.S. WILSON is a lecturer in the Department of Management at the University of St. Andrews, specialising in industrial organisation, banking and managerial economics. Prior to this he lectured in economics at London Guildhall University, and has also been a visiting lecturer at the University of Wales, Bangor. He has co-authored Essentials of Industrial Organization (Financial Times, Prentice Hall) and has also has written many papers on subjects ranging from the growth of European banks, to attendance patterns in the English Rugby Football League.