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

Struggling banks’ accession to national asset protection schemes became official in the UK and Ireland

Raiffeisen International plans new direct bank for CEE region

NatWest targets single parents as key focus for financial advice and support

Reasons to Purchase

*Provides a definitive source of information on all your competitors’ key strategies.

*Offers insight into how the competitive landscape is evolving through M&A activities, partnerships and organic growth.

*Detailed insight into new product developments within retail banking.

Table of Contents :

“Overview 1
Catalyst 1
Summary 1
Methodology 1
Table of Contents 2
Introduction 3
This tracker provides both one-month and 12-month views of developments 3
Each month Datamonitor tracks the most relevant announcements from 100 competitors 3
Datamonitor’s Retail Banking Team provides analysis of the key developments at both the one-month and 12-month level 4
A fully searchable database of the past two years of developments is also delivered alongside the report 4
Key Trends and Developments in December 5
Struggling banks’ accession to national asset protection schemes became official in the UK and Ireland 5
Raiffeisen International plans new direct bank for CEE region 5
NatWest targets single parents as key focus for financial advice and support 6
….and finally 6
December brought an increase in news announcements, particularly in M&A and organic growth 6
Restructuring announcements and organic growth stories were prominent in December 7
Products, Services and Innovation 9
Alliance & Leicester 9
UK: Alliance & Leicester announces £100 cash-back bonus for switching to its premier current account 9
Barclays 9
UK: Barclays updates website for mobile banking customers 9
UK: Woolwich launches an online guide for brokers to track the status of mortgage applications 9
Citibank 9
India: Citibank launches universal mortgage account 9
Korea: Citibank Korea launches scheme for Korean mountaineers 10
US: Citibank launches electronic tax collection platform 10
US: CitiMortgage and CitiFinancial North America announce a national foreclosure suspension program 11
First National Bank 11
South Africa: First National Bank initiates re-engineering of its branch network 11
Maybank 11
Malaysia: Maybank launches campaign to increase deposits 11
Raiffeisen Bank 11
Central and Eastern Europe: Raiffeisen International intends to launch new direct bank 11
The Royal Bank of Scotland Group 12
UK: the Royal Bank of Scotland Group and Gingerbread launch personal money guide for single parents 12
Standard Bank 12
Angola: Standard Bank granted Angola banking license 12
State Bank of India 12
India: State Bank of India and Eko mull ‘no-frills’ account via mobile 12
Yapi Kredi 13
Turkey: Yapi Kredi celebrates World Disabled Day with launch of barrier-free ATM 13
Turkey: Yapi Kredi introduces expatriate banking services 13
Yorkshire Building Society 13
UK: Yorkshire Building Society increases cash back on mortgages to cover the cost of the increase in stamp duty 13
M&A, Partnerships and Organic Growth 14
ABN Amro 14
Benelux: ABN Amro and Deutsche Bank sign share purchase agreement 14
UK: ABN Amro and the Royal Bank of Scotland sign accession agreement 14
Allied Irish Bank 14
Ireland: Allied Irish Bank intends to participate in National Asset Management Agency program 14
Australia and New Zealand Banking Group 15
Australia: Australia and New Zealand Banking Group to acquire AWB’s Landmark loan and deposit books 15
Vietnam: ANZ completes acquisition of RBS in Vietnam and opens its 10th branch 15
Banca Monte dei Paschi di Siena 15
Italy: Banca Monte dei Paschi di Siena sells 50 branches to the Intesa Sanpaolo Group 15
Barclays 16
UK: Barclays completes the sale of Barclays Global Investors to BlackRock 16
BBVA 16
China: BBVA increases stake in China Citic Bank to 15% 16
BNP Paribas 16
France: BNP Paribas and Intesa Sanpaolo reach an agreement on Findomestic 16
Industrial and Commercial Bank of China 16
Vietnam: Industrial and Commercial Bank of China receives license to set up branch in Hanoi 17
KBC 17
Benelux: Kredyt Bank’s board approves transfer of its consumer finance company, Żagiel, to KBC Bank 17
Slovakia: KBC Bank acquires complete ownership of ČSOB Slovakia 17
Millennium BCP 17
Portugal: Banco Comercial Português provides update on negotiation with a Mozambican group 17
Northern Rock 18
UK: Northern Rock receives order for capital and legal restructure 18
Société Générale 18
France: Société Générale and Dexia complete Crédit du Nord transaction 18
State Bank of India 18
India: State Bank of India receives approval to negotiate acquisition of State Bank of Indore 18
India: SBI and State Bank of Saurashtra receive approval to merge 19
Sumitomo Mitsui Banking Corporation 19
Russia: ZAO Sumitomo Mitsui Bank commences operations in Russia 19
UniCredit Group 19
Italy: UniCredit’s board of directors approves ‘Together for our clients’ project 19
Appendix 20
Methodology 20
Further reading 20
Ask the analyst 20
consulting 20
Disclaimer 20
List of Tables 
Table 1: The 100 companies and subsidiaries covered by Datamonitor’s Retail Banking Competitor Tracker 3
List of Figures 
Figure 1: Growth stories increased significantly in December 7
Figure 2: The type of news announcements were fairly evenly distributed in comparison to previous months 8

 

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