- Published: July 2009
- Region: Great Britain, United Kingdom
European Retail Banking Technology Business Update Q2 2009 (Business Update)
- Published: June 2009
- Region: Europe
- 38 pages
This brief looks at the key market developments in European retail banking during Q2 2009, and provides a summary of selected financial results, an overview of recent M&A activity, highlights of other notable industry developments and an overview of forecast IT spending through 2013.
- The Business Update provides analysis from ongoing research into the market dynamics of the European retail banking industry.
- This report examines developments during Q2 2009.
Highlights of this title
If 2008 was the year when Europes banks lost billions on complex structured credit assets, so 2009 looks destined to be categorized as the year when banks suffered substantial losses as borrowers (both individual and business) struggled to repay loans. In all likelihood, these losses will continue to mount in 2010
The results of stress tests on retail banks in selected countries (the UK and Sweden for example) helped reassure investors that institutions are able to withstand the effects of the economic downturn. However, Eurozone banks remain untested, which does not bode well for the overall financial stability of the banking sector in 2009 and beyond.
The outlook for IT spending remains unchanged: carefully targeted investments will continue to be made.
Key reasons to purchase this title
- Gain a comprehensive picture of the European retail banking market, and understand the forecast level of IT spending through 2013.
- Understand the ongoing activities performed by institutions across Europe to maintain stability in the banking industry.
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