Retail Banking Competitor Tracker - August 2009
Datamonitor
September 17, 2009 SKU: DFMN2445092
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Introduction
Datamonitor's Retail Banking Competitor Tracker is a monthly product providing updates on key events relating to major and innovative players in the retail banking sector. Covering events such as M&A activity, market entries and withdrawals, partnerships, product innovation and customer targeting on a global basis, the Retail Banking Competitor Tracker provides succinct summaries of key stories.
Scope
- Information on new product developments, mergers and acquisitions, distribution and partnerships.
- Insight on how the major retail banks are adapting to the ever changing economic climate.
Highlights
Banks in Australia and New Zealand are slashing their fees and charges.
Mergers in France and the UK have altered the mutual landscape in both countries.
RBS is progressing in its disposals program.
Reasons to Purchase
- Provides invaluable information on your closest competitors' strategies all in one place.
- Keeps track of how the competitive landscape is changing through M&A activities, partnerships and organic growth.
- Detailed insight into new product developments within the retail banking.
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- Overview
- Catalyst
- Summary
- Methodology
- Table of Contents
- Introduction
- This tracker provides both one-month and 12-month views of developments
- Each month Datamonitor tracks the most relevant announcements from 100 competitors
- Datamonitor's Retail Banking Team provides analysis of the key developments at both the one-month and 12-month level
- A fully searchable database of the past 12 months of developments is also delivered alongside the report
- Key trends and developments in August
- Banks in Australia and New Zealand are slashing their fees and charges
- Mergers in the UK and France shake up the mutual landscape
- The RBS disposals program is gathering pace
- Competitor activity increased in August from the levels seen in July
- Product and service innovation stories continued to dominate the headlines in August
- New products and M&A activity have driven the increase in news stories in August
- Product, Services and Innovation
- Abbey
- UK: Abbey and Alliance & Leicester offer a savings deal with Santander's UK current accounts
- UK: Abbey offers ""Money for Nothing"" prize draw on students account
- Banco do Brasil
- Brazil: Banco do Brasil plans to double credit to individuals
- Bank of Ireland
- Ireland: Bank of Ireland announces loan scheme for computing and engineering graduates
- Bank of New Zealand
- New Zealand: Bank of New Zealand waives off honor and dishonor fees on overdrawn accounts
- BBVA
- Spain: BBVA collaborates with UNALT to offer preferential financing to taxi drivers
- Commonwealth Bank of Australia
- Australia: Commonwealth Bank changes fee structures for personal and business transaction accounts
- DBS Group
- Singapore: DBS introduces xDDA service to simplify and expedite GIRO applications
- HSBC
- UK: HSBC offers two new mortgage deals
- UK: first direct introduces offset tracker mortgage
- NATIONAL AUSTRALIA BANK
- Australia: NAB abolishes overdrawn fees on all personal transactions and savings accounts
- Nationwide Building Society
- UK: Nationwide announces price cut for select fixed and tracker rate mortgage deals
- UK: Nationwide reduces personal loan rates
- Punjab National Bank
- India: PNB introduces festival season schemes for housing loans and car loans
- State Bank of India
- India: SBI introduces new home loan scheme
- India: SBI offers two loan schemes
- India: SBI introduces 'SBI My Home' campaign in Kerala
- St.George Bank
- Australia: St.George Bank reduces exception fees on retail and business accounts
- Westpac Banking Group
- Australia: Westpac reduces exception fees for credit cards, personal accounts and business accounts
- M&A, Partnerships and Organic Growth
- Agricultural Bank of China
- China: China Life intends to buy stake in Agricultural Bank of China
- Australia and New Zealand Banking Group Limited
- Australia: ANZ announces the acquisition of selected RBS businesses in Asia
- BBVA
- US: BBVA Compass purchases the banking operations of Guaranty Bank
- BNP Paribas
- France: BNP Paribas acquires stake in Findomestic from Intesa Sanpaolo
- Argentina: BNP Paribas divests its Argentina business to Banco Santander Río
- Central Bank of India
- India: Central Bank of India plans stake increase in housing finance business
- Commerzbank
- Switzerland: Commerzbank sells Dresdner Bank (Switzerland) to LGT
- Groupe Banques Populaires
- France: Banques Populaires and Caisses d'Epargne merge to form BPCE
- HSBC
- Indonesia: HSBC increases its share in Bank Ekonomi
- ING Group
- Netherlands: ING agrees to sell annuity and mortgage businesses in Chile
- Millennium BCP
- China: Millennium BCP partners with ICBC Macau
- Punjab National Bank
- India: PNB collaborates with Hindustan Machine Tool to provide loans to farmers
- Santander
- Poland: Santander and AIG agree to integrate their consumer finance businesses in Poland
- The Co-operative Bank
- UK: Britannia and Co-operative financial services (CFS) announce the completion of their merger
- Royal Bank of Scotland
- Pakistan: RBS signs share sale agreement with MCB Bank
- Appendix
- Methodology
- Further reading
- Ask the analyst
- Datamonitor consulting
- Disclaimer
- List of Tables
- Table 1: The 100 companies and subsidiaries covered by Datamonitor's Retail Banking Competitor Tracker
- List of Figures
- Figure 1: The number of M&A stories grew more rapidly than product innovation
- Figure 2: New products and M&A activity dominated August's stories
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