Retail Banking Competitor Tracker - June 2009

Introduction

Datamonitor's Retail Banking Competitor Tracker is a monthly product providing updates on key events relating to major and innovative players in the retail banking sector. Covering events such as M&A activity, market entries and withdrawals, partnerships, product innovation and customer targeting on a global basis, the Retail Banking Competitor Tracker provides succinct summaries of key stories.

Scope

*Information on new product developments, mergers and acquisitions, distribution and partnerships.

*Insight on how the major retail banks are adapting to the ever changing economic climate.

Highlights

Abbey announces a masterclass program for 1618 and student bank account customers, while Nedbank in South Africa launches personal money manager.

Abbey, Nationwide and Co-operative Bank launch new mortgage ranges

IPIC sells Barclays shares

Reasons to Purchase

*Provides invaluable information on your closest competitors' strategies all in one place.

*Keeps track of how the competitive landscape is changing through M&A activities, partnerships and organic growth.

*Detailed insight into new product developments within the retail banking

Report Highlights
Highlights

Abbey announces a masterclass program for 1618 and student bank account customers, while Nedbank in South Africa launches personal money manager.

Abbey, Nationwide and Co-operative Bank launch new mortgage ranges

IPIC sells Barclays shares
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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 79 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 12 months of developments is also delivered alongside the report 4
KEY TRENDS AND DEVELOPMENTS IN June 5
Banks continue to make pricing adjustments while offering financial education to customers 5
Abbey and Nedbank both launched programs aimed at educating and assisting customers with their finances 5
Abbey, Nationwide and Co-operative Bank launch new mortgage ranges 6
IPIC sells Barclays shares 6
Overall competitor activity in June 2009 closely mirrored that of May 7
Stories about product and service innovation continued to prevail in June 7
Most developments in May originated in Western Europe and Asia Pacific 8
News about new products and services continued to dominate this month's stories 10
Product, Services and Innovation 12
Abbey 12
UK: Abbey announces master class program for Abbey's 16-18 and student bank account customers 12
UK: Abbey launches two new four-year fixed rate mortgages at 4.59% 12
UK: Abbey launches 6% reward bank account for current accounts 12
BNP Paribas 13
Brussels: BNP Paribas Fortis launches its 'One billion euros' ad campaign in Belgium 13
Citigroup 13
Philippines: Citibank savings launches Citi auto secured loan 13
National Australia Bank 13
Australia: NAB introduces voice biometric as a security enhancement tool 13
Nationwide Building Society 14
UK: Nationwide announces new rates for authorized and unauthorized overdrafts 14
UK: Nationwide develops portfolio of mortgage deals for existing customers 14
Nedbank 14
South Africa: Nedbank launches personal money manager 14
Royal Bank of Scotland 15
UK: NatWest launches 2009 student account package 15
St.George Bank 15
Australia: St.George Bank announces reduction in service fees 15
Standard Chartered Bank 15
Singapore: Standard Chartered announces the launch of mobile browser banking 15
The Co-operative Bank 15
UK: The Co-operative Bank launches new mortgage scheme 15
M&A, Partnerships and Organic Growth 16
Bank of East Asia 16
Hong Kong: BEA and ICBC sign agreements on sale and purchase of Bank of East Asia (Canada) and ICEA Finance Holdings 16
Hong Kong: BEA announces co-operation agreements with Criteria CaixaCorp and ""la Caixa"" 16
Barclays 17
UK: IPIC sells Barclays shares 17
Commonwealth Bank of Australia 17
Australia: Sale of banking and insurance businesses in Fiji 17
Nationwide Building Society 17
UK: Nationwide announces acquisition of Dunfermline's social housing portfolio 17
Netherlands: RBS and ABN Amro announces partner bank agreement for international transaction banking 18
SEB 18
Baltic region: SEB announces consolidation of its Baltic operations 18
Appendix 19
Methodology 19
Further reading 19
Ask the analyst 19
Datamonitor consulting 19
Disclaimer 19
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List of Tables
Table 1: The 79 companies and subsidiaries covered by Datamonitor's Retail Banking Competitor Tracker 3
List of Figures
Figure 1: M&A stories remained low in June, as it has done for the previous two months 8
Figure 2: As with the previous two months, Western Europe and Asia Pacific dominated the news stories 9
Figure 3: Consumers in Western Europe and Asia Pacific believe that the economy will improve over the next 12 months 10
Figure 4: Once again, new products and services dominated this month's news stories 11
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