The deregulation and disintermediation process, the globalisation of financial markets, the emergence of new competitors, and the introduction of new information technologies have brought about profound changes in the banking industry. Banks have lost market share and show decreasing economic performance. In the wake of this the author addresses several important questions: Are universal banks bound to disappear? What is the role of universal banks in modern financial markets? What should banks' strategic reactions be to these changes in the industry?
|Print publication date: 1997||Print ISBN-13: 9780198775065|
|Published to Oxford Scholarship Online: October 2011||DOI:10.1093/acprof:oso/9780198775065.001.0001|