This brief looks at the key market developments in European retail banking during Q2 2010, provides a summary of selected financial results from Q1 and gives highlights of other notable industry developments.
Scope
- Ovum's Financial Services Technology team provides analysis from ongoing research into the market dynamics of the European retail banking industry.
- This report examines developments in Europe during Q2 2010.
Highlights of this title
Swingeing austerity measures have been introduced across Europe, with national governments reducing public spending in order to create a more robust economic environment.
Concerns about the levels of sovereign debt remain hanging over Europe. In the UK, the new coalition government has made cutting the country's debt a key priority, while the situation in Greece caused panic across the eurozone. The seizure of CajaSur by the Bank of Spain sent a loud warning shot to the country's ailing financial sector;
All the major European economies are out of recession, but GDP growth is weak (and looks destined to remain so). However, there is a new political will to ensure the banking sector never again drags economies to the brink of bankruptcy.
Key reasons to purchase this title
- Gain a comprehensive picture of recent developments in the European retail banking market.
- Understand how profitability can be maximized through increased customer intelligence in retail banking.
