Overview

This book explores the future of the financial services industry, giving readers an idea of the kinds of institutions and services that will survive in the early twenty-first century. An informative and provocative exploration of the future of the financial services industry. Focuses on likely changes in the near future, such as greater use of the Internet for banking transactions and the increasing globalization of financial services. Points to the probable disappearance of the insurance sector as a separate industry. Describes changing conditions in key financial centres, especially the US, the UK, Germany, Japan and Switzerland.

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9781405117005

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Reviews

Robert Grosse shows that, despite the internet, most financial services are still delivered locally; indeed the world's largest international financial institutions (such as Allianz and Merrill Lynch) are leaders in their home markets but are not true global leaders. He also shows that, in retail banking, the performance of commercial banks is strongly determined by the growth of their home markets. Alan Rugman, Indiana University In this important book Robert Grosse shows that, despite the internet, there are few globally active financial institutions and that there are no truly global competitors. Most financial services are still delivered locally: as a notable example, in retail banking the performance of commercial banks is stongly determined by the growth of their home markets. The future of financial services will be local rather than global. Alan Rugman, Kelley School of Business

Robert Grosse shows that, despite the internet, most financial services are still delivered locally; indeed the worlda s largest international financial institutions (such as Allianz and Merrill Lynch) are leaders in their home markets but are not true global leaders. He also shows that, in retail banking, the performance of commercial banks is strongly determined by the growth of their home markets. Alan Rugman, Indiana University In this important book Robert Grosse shows that, despite the internet, there are few globally active financial institutions and that there are no truly global competitors. Most financial services are still delivered locally: as a notable example, in retail banking the performance of commercial banks is stongly determined by the growth of their home markets. The future of financial services will be local rather than global. Alan Rugman, Kelley School of Business

Author Information

Robert Grosse is Professor of International Business and Director of Research at Thunderbird, The American Graduate School of International Management in Arizona. He has more than 20 years experience of teaching international finance, international banking, finance in emerging markets, and other finance and global strategy seminars. He has also worked as a consultant to American Express, Banco de Costa Rica, Banco de Credito e Inversiones (Chile), Banco Ganadero (Colombia), Citibank, Chase Manhattan Bank, Manufacturers Hanover Bank, and Merrill Lynch.

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