A changing market

Article Abstract:

Private banking initially referred to banking services for the rish, but has come to mean the provision of a range of services for people of high net worth. These are defined in the UK as people with liquid assets of over 50,000 pounds sterling. There were 1.6 million such individuals in the UK at the end of 1994, according to Datamonitor. There has been an increase in the number of high earnersas income differentials have widened world wide. Earners tend to value performance, whereas traditional clients were more loyal.

Commercial banks, not elsewhere classified, Commercial Banking NEC, United Kingdom, Private banking

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Shake-out in US banks

Article Abstract:

The US banking industry has been affected by an increase in acquisitions following changes in banking laws. Regional banks have attracted most interest but this could change with major banks such as Bankers Trust also becoming involved. The move toward consolidation could lead to deals which are not always in shareholders' interests. There has been criticism of the Bank of Boston, seeking a merger partner, which does not bring a premium generated by a takeover.

Acquisitions and mergers

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Japan: bailing out the banks

Article Abstract:

The Japanese government is likely to help the banking industry which has been hit by bad debts after a drop in real estate prices. The Financial System Stabilisation Committee has issued a report arguing that public funds should be used as a temporary measure to aid banks in trouble. The report has received the backing of the finance minister, and the Japanese stock market has responded well to signs that the government will help the banking system.

Japan, Economic policy

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