A special report on banking in emerging markets: We lucky few  

Oleh:

[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 395 no. 8682 (May 2010), page 54+12.
Topik: Western Banks; Emerging Markets; Citigroup; HSBC; Standard Chartered
Fulltext: We lucky few.pdf (730.26KB)

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“YOU kind of needed to think about this 30 years ago,” says Stuart Gulliver, who runs HSBC’s investment bank, when asked about Western banks expanding in emerging markets. He has a point. There are only two kinds of Western banks that are big in developing countries, and both have been at it for quite a while. The first are the global network banks which have a limited presence in lots of countries which they use to tap internationally minded companies and consumers: Citigroup, HSBC and Standard Chartered. The second are the lenders that have “gone native” with a deep retail presence, most notably Santander and BBVA in Latin America and UniCredit in eastern Europe.

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