Retail Banking Competitor Tracker - August 2009

Financial Services

Publication Date	September 2009
Publisher	Datamonitor
Product Type	Brief
Pages	23
ISBN Number	not applicable
Product Code	DAT16047

Buy this product or for assistance call +44 20 7060 7474

PDF £1,680.00$2795 | €1880

PRINT £1,740.00$2894 | €1947

FAX Order above formats by FAX

Summary

Introduction

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

Banks in Australia and New Zealand are slashing their fees and charges.
Mergers in France and the UK have altered the mutual landscape in both countries.

RBS is progressing in its disposals program.

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.

Content

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 August
Banks in Australia and New Zealand Are Slashing Their Fees and Charges
Mergers in The UK and France Shake up The Mutual Landscape
The Rbs Disposals Program Is Gathering Pace
Competitor Activity Increased in August from The Levels Seen in July
Product and Service Innovation Stories Continued to Dominate The Headlines in August
New Products and M&a Activity Have Driven The Increase in News Stories in August
Product, Services and Innovation
Abbey
UK: Abbey and Alliance & Leicester Offer A Savings Deal with Santander's UK Current Accounts
UK: Abbey Offers "money for Nothing" Prize Draw on Students Account
Banco Do Brasil
Brazil: Banco Do Brasil Plans to Double Credit to Individuals
Bank of Ireland
Ireland: Bank of Ireland Announces Loan Scheme for Computing and Engineering Graduates
Bank of New Zealand
New Zealand: Bank of New Zealand Waives off Honor and Dishonor Fees on Overdrawn Accounts
Bbva
- Spain: BBVA collaborates with UNALT to offer preferential financing to taxi drivers
- Commonwealth Bank of Australia
- Australia: Commonwealth Bank changes fee structures for personal and business transaction accounts
Dbs Group
- Singapore: DBS introduces xDDA service to simplify and expedite GIRO applications
Hsbc
- UK: HSBC offers two new mortgage deals
- UK: first direct introduces offset tracker mortgage
National Australia Bank
- Australia: NAB abolishes overdrawn fees on all personal transactions and savings accounts
- Nationwide Building Society
- UK: Nationwide announces price cut for select fixed and tracker rate mortgage deals
- UK: Nationwide reduces personal loan rates
- Punjab National Bank
- India: PNB introduces festival season schemes for housing loans and car loans
- State Bank of India
- India: SBI introduces new home loan scheme
- India: SBI offers two loan schemes
- India: SBI introduces 'SBI My Home' campaign in Kerala
- St.George Bank
- Australia: St.George Bank reduces exception fees on retail and business accounts
- Westpac Banking Group
- Australia: Westpac reduces exception fees for credit cards, personal accounts and business accounts
- M&A, Partnerships and Organic Growth
- Agricultural Bank of China
- China: China Life intends to buy stake in Agricultural Bank of China
- Australia and New Zealand Banking Group Limited
- Australia: ANZ announces the acquisition of selected RBS businesses in Asia
Bbva
- US: BBVA Compass purchases the banking operations of Guaranty Bank
Bnp Paribas
- France: BNP Paribas acquires stake in Findomestic from Intesa Sanpaolo
- Argentina: BNP Paribas divests its Argentina business to Banco Santander R?-o
- Central Bank of India
- India: Central Bank of India plans stake increase in housing finance business
- Commerzbank
- Switzerland: Commerzbank sells Dresdner Bank (Switzerland) to LGT
- Groupe Banques Populaires
- France: Banques Populaires and Caisses d'Epargne merge to form BPCE
Hsbc
- Indonesia: HSBC increases its share in Bank Ekonomi
Ing Group
- Netherlands: ING agrees to sell annuity and mortgage businesses in Chile
- Millennium BCP
- China: Millennium BCP partners with ICBC Macau
- Punjab National Bank
- India: PNB collaborates with Hindustan Machine Tool to provide loans to farmers
- Santander
- Poland: Santander and AIG agree to integrate their consumer finance businesses in Poland
- The Co-operative Bank
- UK: Britannia and Co-operative financial services (CFS) announce the completion of their merger
- Royal Bank of Scotland
- Pakistan: RBS signs share sale agreement with MCB Bank
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: The number of M&A stories grew more rapidly than product innovation
- Figure 2: New products and M&A activity dominated August's stories