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Retail Banking Technology Business Update H1 2008 EuropeProduct Type: Market Research ReportPublished by: Datamonitor Published: June 2008 Product Code: R313-33884 Description IntroductionHaving enjoyed a buoyant decade of sustained growth, the European retail banking industry is operating in a very different climate during 2008. The collapsing US housing market, combined with financial market uncertainty, has caused widespread liquidity issues in the banking system, and the period of easy access to credit looks to be rapidly coming to an end in several countries Scope
The financial performance of many banks declined significantly during 2007. 2008 looks set to be a similarly difficult year with rising costs and only moderate - at best - income growth forecast for many of Europe's banks Despite challenging trading conditions, M&A activity continued. Established, mature players are actively moving into the emerging markets of Central & Eastern Europe, Russia and North Africa in the hope of finding new sources of revenue The sub-prime crisis that originated in the US has caused a massive impact. European banks have performed write-downs totalling $121.4bn to date, and exposure to such a volatile market will have long-lasting repercussions in terms of future lending decisions and credit risk management Reasons to Purchase
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