All-purpose money malls: banks are reinventing themselves as universal sources of finance

Article Abstract:

Asian economic growth has helped fuel the development of the banking industry and European universal banks are entering this market. Deutsche Bank and Union Bank of Switzerland are among European banks operating in Asia. Competition has increased as more foreign banks are attracted to Asia. Some critics of universal banking point out, however, that information is still a key strength rather than capital. Growing industries offer opportunities for investors in areas such as power and telecoms. The Bank of Japan is also seeking to develop closer links with Asian central banks.

Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, Banks (Finance), Asia, Universal banks

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Trading on uncertainty

Article Abstract:

Hong Kong's banks have expressed optimism about the planned handover of the colony to China. This change could increase business for Hong Kong banks, though there is concern that some business could be lost if closer links develop between Taiwan and China. There are other concerns such as slower economic growth in Hong Kong, which could drop to 3.5% in 1998 from an estimated 4.5% for 1996. The real estate industry is affected by political developments.

Hong Kong

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