Growth Ahead, But the Street Should Forget China

Friedlander, Josh
April 2005
Investment Dealers' Digest;4/25/2005, Vol. 71 Issue 16, p36
Trade Publication
The article informs that Wall Street would do well to take a cold shower and quell its rabid focus on foreign markets, such as China, before someone gets hurt. The study by consultancy Mercer Oliver Wyman (MOW), is bullish on the prospects of the global financial services industry, including Wall Street, for the next 15 years. But the Street won't be able to sit back and enjoy a mohito, the vagaries of a volatile market will remain, the study predicts, and only by meeting unique demands, especially in the retail banking sector, will the Street continue to realize revenue growth. Mercer expects the entire financial services industry to experience extraordinary growth over the course of the next 15 years. Revenue will grow to $6 trillion by 2020 from $2 trillion in 2002 and will represent 10% of global gross domestic product, up from 6% currently, MOW predicts.


Related Articles

  • Using Activity-Based Costing (ABC) to Measure Profitability on a Commercial Loan Portfolio. Kocakulah, Mehmet C. // Journal of Performance Management;Nov2007, Vol. 20 Issue 3, p29 

    The competitive environment in the banking industry has made it very difficult to increase revenues and market share that is sufficient in growth and maximizing shareholder's wealth. The minimal growth in the area plus the over saturation of banks, financial institutions and other sectors...

  • Central banks pump £l00bn into markets. Holt, Natalie // Mortgage Strategy;9/22/2008, p4 

    The article reports on the decision of central banks of Great Britain to pump £100 billion into world markets in September 2008. The purpose of the decision was to ease the suffering of financial institutions in Great Britain and around the world. These central banks include the Bank of...

  • A Little Basel Changes the Taste. Wood, Duncan // Treasury & Risk Management;Feb2005, Vol. 15 Issue 2, p38 

    Analyzes the impact of the Basel II banking accord on financial services regulation in the U.S. Obligation for banks to set aside capital against short-term lines; Request for larger banks to use a more precise calculation of the profitability of default; Use of a stricter risk criteria.

  • The not-so magnificent seven.  // Mortgage Strategy;8/3/2009, p3 

    The article discusses the significance of the specialist lending sector to financial services industry in Great Britain. It states that the government needs to consider the benefits of the specialist lending sector. It emphasizes that using the specialists in redistributing capital may help...

  • MICROFINANCE GOES MAINSTREAM. Reno-Weber, Ben // Kennedy School Review;2008, Vol. 8, p123 

    The article provides information regarding the new developments in microfinance as well as the future of a socially responsible industry in the U.S. Many microfinance advocates has been hoping for the connection of microfinance sector to the international financial system. A brief summary about...

  • America's UNDER BANKED.  // U.S. Banker;Aug2006, Vol. 116 Issue 8, p29 

    The article reports that more banks and financial services companies have discovered the underbanked as a dynamic new source of revenue in the U.S. According to a new study by BearingPoint Inc. and Visa International Inc. has estimated 84 million people who underbanked, representing $1.1...

  • Allan Gray into Botswana. Laschinger, Kirsty // Finance Week;8/2/2004, p32 

    Reports on the decision of financial services firm Allan Gray to establish operations in Botswana in 2004. Company background; Profile on chief executive Greg Fury; State of the financial services industry in Botswana.

  • PROTECTION EDGE: JASON KING. King, Jason // Money Marketing;11/4/2004, p44 

    Shares an author's views on the protection market in the financial services industry in Great Britain. Regard for protection as a poor relation of financial planning; Realization by life insurers on the potential of the market; Propositions targeting the protection market.

  • Still waiting on a platform. Wilkinson, John // Money Management;5/3/2007, Vol. 21 Issue 15, p30 

    The article reports on the advantage of platforms on the financial services industry in Australia. Platforms have grown into systems that no planner's office can be without. However, despite their dominant position in the industry, there are still a number of investment sectors that are not...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics