Overview 1
Catalyst 1
Summary 1
Methodology 1
Table of Contents 2
Introduction 3
This tracker provides both one-month and 12-month views of developments 3
Each month Datamonitor tracks the most relevant announcements from 100 competitors 3
Datamonitor's Retail Banking Team provides analysis of the key developments at both the one-month and 12-month level 4
A fully searchable database of the past two years of developments is also delivered alongside the report 4
Key Trends and Developments in December 5
Struggling banks' accession to national asset protection schemes became official in the UK and Ireland 5
Raiffeisen International plans new direct bank for CEE region 5
NatWest targets single parents as key focus for financial advice and support 6
....and finally 6
December brought an increase in news announcements, particularly in M&A and organic growth 6
Restructuring announcements and organic growth stories were prominent in December 7
Products, Services and Innovation 9
Alliance & Leicester 9
UK: Alliance & Leicester announces £100 cash-back bonus for switching to its premier current account 9
Barclays 9
UK: Barclays updates website for mobile banking customers 9
UK: Woolwich launches an online guide for brokers to track the status of mortgage applications 9
Citibank 9
India: Citibank launches universal mortgage account 9
Korea: Citibank Korea launches scheme for Korean mountaineers 10
US: Citibank launches electronic tax collection platform 10
US: CitiMortgage and CitiFinancial North America announce a national foreclosure suspension program 11
First National Bank 11
South Africa: First National Bank initiates re-engineering of its branch network 11
Maybank 11
Malaysia: Maybank launches campaign to increase deposits 11
Raiffeisen Bank 11
Central and Eastern Europe: Raiffeisen International intends to launch new direct bank 11
The Royal Bank of Scotland Group 12
UK: the Royal Bank of Scotland Group and Gingerbread launch personal money guide for single parents 12
Standard Bank 12
Angola: Standard Bank granted Angola banking license 12
State Bank of India 12
India: State Bank of India and Eko mull 'no-frills' account via mobile 12
Yapi Kredi 13
Turkey: Yapi Kredi celebrates World Disabled Day with launch of barrier-free ATM 13
Turkey: Yapi Kredi introduces expatriate banking services 13
Yorkshire Building Society 13
UK: Yorkshire Building Society increases cash back on mortgages to cover the cost of the increase in stamp duty 13
M&A, Partnerships and Organic Growth 14
ABN Amro 14
Benelux: ABN Amro and Deutsche Bank sign share purchase agreement 14
UK: ABN Amro and the Royal Bank of Scotland sign accession agreement 14
Allied Irish Bank 14
Ireland: Allied Irish Bank intends to participate in National Asset Management Agency program 14
Australia and New Zealand Banking Group 15
Australia: Australia and New Zealand Banking Group to acquire AWB's Landmark loan and deposit books 15
Vietnam: ANZ completes acquisition of RBS in Vietnam and opens its 10th branch 15
Banca Monte dei Paschi di Siena 15
Italy: Banca Monte dei Paschi di Siena sells 50 branches to the Intesa Sanpaolo Group 15
Barclays 16
UK: Barclays completes the sale of Barclays Global Investors to BlackRock 16
BBVA 16
China: BBVA increases stake in China Citic Bank to 15% 16
BNP Paribas 16
France: BNP Paribas and Intesa Sanpaolo reach an agreement on Findomestic 16
Industrial and Commercial Bank of China 16
Vietnam: Industrial and Commercial Bank of China receives license to set up branch in Hanoi 17
KBC 17
Benelux: Kredyt Bank's board approves transfer of its consumer finance company, ?agiel, to KBC Bank 17
Slovakia: KBC Bank acquires complete ownership of ?SOB Slovakia 17
Millennium BCP 17
Portugal: Banco Comercial Português provides update on negotiation with a Mozambican group 17
Northern Rock 18
UK: Northern Rock receives order for capital and legal restructure 18
Société Générale 18
France: Société Générale and Dexia complete Crédit du Nord transaction 18
State Bank of India 18
India: State Bank of India receives approval to negotiate acquisition of State Bank of Indore 18
India: SBI and State Bank of Saurashtra receive approval to merge 19
Sumitomo Mitsui Banking Corporation 19
Russia: ZAO Sumitomo Mitsui Bank commences operations in Russia 19
UniCredit Group 19
Italy: UniCredit's board of directors approves 'Together for our clients' project 19
Appendix 20
Methodology 20
Further reading 20
Ask the analyst 20
Datamonitor consulting 20
Disclaimer 20
List of Tables
Table 1: The 100 companies and subsidiaries covered by Datamonitor's Retail Banking Competitor Tracker 3
List of Figures
Figure 1: Growth stories increased significantly in December 7
Figure 2: The type of news announcements were fairly evenly distributed in comparison to previous months 8
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