Detail In Vogue; Retail Banks   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 399 no. 8733 (May 2011), page 17-19. Topik: Retail Banking; Regulation of Financial Institutions Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.66 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel With regulators turning off the tap that used to allow investment banks to draw easy profits, the industry is looking to retail banking for new sources of earnings. This is a huge business. In America retail and commercial banking generate revenues of some $750 billion a year, or just over 20% of total global banking revenue, according to Novantas, a consulting firm. And in Europe, where capital markets are still less developed than in America, the fortunes of most big banking groups will depend on how their retail banks are doing over the next few years. The plethora of new laws and regulations that American politicians and regulators have introduced to make banking safer includes several concerning retail banking that seem designed to do the opposite. Some of the new restrictions may fundamentally change the way in which retail banks do business and their customers use banking services. The first challenge to American retail banks will come from two pieces of legislation intended to force big banks to cut the fees they can charge for overdrafts and debit-card transactions. Both laws are meant to protect consumers by ending the cross-subsidies used by banks to make cheque accounts appear free to their holders. Consumers are not charged when they use a debit card in a store or online, but retailers pay a small transaction fee each time the card is swiped. These fees add up to rather large sums. If retail banking fees are cut by 70% or so, as has been proposed, American banks may lose around $33 billion a year, or about a third of their profits from this part of their business last year, says Sherief Meleis of Novantas, the consultancy. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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