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Expect Radical Change: "Credit Crunch" Calls for Reassessment of the Universal Banking ModelPublished by: TowerGroup Published: May. 12, 2008 - 7 Pages Table of Contents
AbstractThis ViewPoint calls on financial service institutions operating as "universal banks" to reexamine the viability of this business model where it has inflicted damage as a result of the recent "credit crunch." Such banks offer an array of diversified financial services straddling the boundaries between consumer, commercial, and investment banking. The credit crunch has spotlighted the interdependencies of credit, liquidity, and market risks in national and global financial systems that have had devastating effects when they were incorrectly assessed and inadequately managed for risk. The ViewPoint concludes by identifying issues universal banks must consider in their reassessment.Get Full Details About This Report >> |
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