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Published by: Datamonitor
Published: Aug. 14, 2009
Table of Contents
- 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 July
- Mortgage lenders in the UK continue to tweak pricing and launch new products to adapt to unpredictable market conditions
- Scandinavian banking groups restructure to manage through escalating Baltic recession
- DnB Nor - restructuring Norwegian operations to protect local growth
- SEB - restructuring Baltic operations to isolate recessionary impact
- UK banks launch a wave of student account packages in preparation for the start of the academic year
- Overall competitor activity in July 2009 closely mirrored that of June
- Stories about product and service innovation continued to dominate in July
- News about new products and services continued to dominate this month's stories
- Product, Services and Innovation
- Abbey
- UK: Abbey launches multiple mortgage deals for new and existing customers
- Australia and New Zealand Banking Group Limited (ANZ)
- Australia: ANZ introduces a new mortgage product 'ANZ Portfolio'
- Barclays
- UK: Barclays enhances student package for 2009
- Eurobank EFG
- Greece: Eurobank EFG launches ¦¥co loans for Greek households
- HBOS
- UK: Halifax upgrades its student account offering
- HSBC Bank
- UK: First Direct announces the launch of a tracker mortgage
- UK: First Direct introduces two new mortgage deals
- Lloyds TSB
- UK: Lloyds TSB enhances its mobile banking services
- UK: Lloyds TSB introduces its student account for 2009
- UK: Lloyds TSB announces the launch of 'Easy Step' mortgage deal
- Nationwide Building Society
- UK: Nationwide launches a range of mortgage deals
- UK: Nationwide offers options for its existing mortgage customers
- M&A, Partnerships and Organic Growth
- Banco Sabadell
- US: Banco Sabadell completes the acquisition of Mellon United National Bank
- Bank of East Asia (BEA)
- China: BEA establishes strategic partnership with Hana Bank
- Crš¦dit Agricole
- France: Crš¦dit Agricole acquires a 35% stake in CACEIS
- DnB NOR
- Norway: DnB NOR announces restructuring of the group
- Intesa Sanpaolo
- Italy: Intesa Sanpaolo announces partial demerger of Mediocredito Italiano
- SEB
- Norway: SEB agrees to sell its car financing operations in Norway to Volkswagen Financial Services
- Sumitomo Mitsui Banking Corporation (SMBC)
- Japan: SMBC and PT Bank Central Asia signs agreement on mutual business cooperation
- 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: Generally, consumers in established mortgage markets have mortgages with their primary bank, however this bears no correlation to consumer loyalty
- Figure 2: M&A stories remained relatively low in July, as has been the case over the previous months
- Figure 3: Once again, new products and services dominated this month's news stories
AbstractIntroduction
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
- Mortgage lenders in the UK continue to tweak pricing and launch new products to adapt to unpredictable market conditions.
- Scandinavian banking groups restructure to manage through escalating Baltic recession.
- UK banks launch a wave of student account packages in preparation for the start of the academic year.
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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