Retail Banking Competitor Tracker - June 2009

Publication Date	July 2009
Publisher	Datamonitor
Product Type	Report
Pages	19
ISBN Number	not applicable
Product Code	DAT12345

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Summary

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

Abbey announces a masterclass program for 1618 and student bank account customers, while Nedbank in South Africa launches personal money manager.

Abbey, Nationwide and Co-operative Bank launch new mortgage ranges

IPIC sells Barclays shares

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

INTRODUCTION

This tracker provides both one-month and 12-month views of developments
Each month, Datamonitor tracks the most relevant announcements from 79 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 June
Banks continue to make pricing adjustments while offering financial education to customers
Abbey and Nedbank both launched programs aimed at educating and assisting customers with their finances
Abbey, Nationwide and Co-operative Bank launch new mortgage ranges
IPIC sells Barclays shares
Overall competitor activity in June 2009 closely mirrored that of May
Stories about product and service innovation continued to prevail in June
Most developments in May originated in Western Europe and Asia Pacific
News about new products and services continued to dominate this month's stories
Product, Services and Innovation
Abbey
UK: Abbey announces master class program for Abbey's 16-18 and student bank account customers
UK: Abbey launches two new four-year fixed rate mortgages at 4.59%
UK: Abbey launches 6% reward bank account for current accounts
BNP Paribas
Brussels: BNP Paribas Fortis launches its 'One billion euros' ad campaign in Belgium
Citigroup
Philippines: Citibank savings launches Citi auto secured loan
National Australia Bank
Australia: NAB introduces voice biometric as a security enhancement tool
Nationwide Building Society
UK: Nationwide announces new rates for authorized and unauthorized overdrafts
UK: Nationwide develops portfolio of mortgage deals for existing customers
Nedbank
South Africa: Nedbank launches personal money manager
Royal Bank of Scotland
UK: NatWest launches 2009 student account package
St.George Bank
Australia: St.George Bank announces reduction in service fees
Standard Chartered Bank
Singapore: Standard Chartered announces the launch of mobile browser banking
The Co-operative Bank
UK: The Co-operative Bank launches new mortgage scheme
M&A, Partnerships and Organic Growth
Bank of East Asia
Hong Kong: BEA and ICBC sign agreements on sale and purchase of Bank of East Asia (Canada) and ICEA Finance Holdings
Hong Kong: BEA announces co-operation agreements with Criteria CaixaCorp and "la Caixa"
Barclays
UK: IPIC sells Barclays shares
Commonwealth Bank of Australia
Australia: Sale of banking and insurance businesses in Fiji
Nationwide Building Society
UK: Nationwide announces acquisition of Dunfermline's social housing portfolio
Netherlands: RBS and ABN Amro announces partner bank agreement for international transaction banking
SEB
Baltic region: SEB announces consolidation of its Baltic operations
Appendix
Methodology
Further reading
Ask the analyst
Datamonitor consulting
Disclaimer
Table 1: The 79 companies and subsidiaries covered by Datamonitor's Retail Banking Competitor Tracker
Figure 1: M&A stories remained low in June, as it has done for the previous two months
Figure 2: As with the previous two months, Western Europe and Asia Pacific dominated the news stories
Figure 3: Consumers in Western Europe and Asia Pacific believe that the economy will improve over the next 12 months
Figure 4: Once again, new products and services dominated this month's news stories