Banking's chequered future

Article Abstract:

European banking is in its worst period yet, but the plethora of problems the industry faces provides challenging opportunities as well. Profit losses, competition in traditional intermediation, demand-driven service expansion, deregulation and the coming of the single market have led to major adjustments in bank management via mergers and acquisitions. In the eighties, the removal of banking restrictions resulted in stiff price competition among banks, while the economic boom gave businesses more influence over their financial affairs than ever before. Spurred on by business confidence and technological and financial innovations, bank clients began to invest their funds elsewhere, forcing bankers to diversify their portfolios, create various financial instruments and invest in more risky assets. The single EC market provides yet another major impetus for future bank consolidation.

Commercial banks, not elsewhere classified, Methods, Banking industry, Europe, Economic aspects, International financial institutions, Bank management

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Banking on heroes

Article Abstract:

Advertisers and television broadcasters understand that the upcoming unification of Europe in 1992 will bring together 320 million consumers, and one way they are attempting to attract viewers is by promoting athletes and athletic events because sporting activities transcend cultural and language barriers. A new development is the rise of satellite television which is bidding for exclusive rights to broadcast major athletic events. Entrepreneurs are also looking into establishing European-wide sports leagues because it is predicted that unification will result in a free flow of labor and a broadening market for European-wide athletes.

Management, Innovations, Marketing, Sports, Direct broadcast satellite television, Satellite television, Athletes, Single European market, Corporate sponsorship, Europe, Western

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Assaulting the Barriers of Swiss Banking Secrecy

Article Abstract:

The Social Democratic Party of Switzerland is pushing for reform of the Swiss laws regarding bank secrecy. For years the guaranteed anonymity of accounts in Switzerland have provided a safe haven for those who wished to maintain private funds. This will possibly be changed as early as spring of 1984, if it is the decision of he Swiss voters. The Social Democrats feel that the reform is necessary to halt misuse of the Swiss banking system by tax evaders and white-collar criminals.

Switzerland, International banking

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