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Universal Banking model ??

Created by : Yashpal Singh Tomar, Product Manager, Barclays  | 11 28 2008 09:13:38 +0000
Industry : BankingFunctional Area : Strategy Execution(Strategy & Execution)
Keywords : Financial Crisis Credit Crisis Economic Downturn Universal Banking Model Banking Crisis
Activity:  1750 views;  last activity : 07 06 2010 20:18:09 +0000

Will the big global banks stick to their universal banking model, offering a wide array of services to their customers, and being the one-stop financial superstores.

 
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YES. The universal banking model followed by the Global banks is the future. The model not only helps customer to have wide variety of transfer features, linkage with equity, demats, funds, etc that everyone wil love to have.

This model also helps fight terrorism to much extent as most of the disputed money lying in the banks is the cause of the terrorist's actions.
By Satwinder Singh, Program Manager, Confidential  08 11 2009 10:30:51 +0000
 
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I feel when the world recovers from the current crisis, banks will see a major change by redrawing their business model.

They will not stick to their universal banking model, and will not be a one stop financial superstores...
By Yashpal Singh Tomar, Product Manager, Barclays  11 28 2008 09:14:41 +0000
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Yes, most of the Banks in the USA have adopted the "Univarsal Banking" model in recent times after the fall of most of the Investment Banks there.

But, what is Universal Banking ? http://en.wikipedia.org/wiki/Universal_bank  : We may see this link .. !!

It may be noted that Investment Banks there were mostly out of Regulatory Supervision as vigorous as Universal Banks. Now, they have been ( forced to ) changed.

 
By ASOKE KUSARI, Domestic Private Banking-Executive/Manager, A large leading PSU Bank - India  | 01 10 2010 12:16:39 +0000
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Now the time is like that we want all things at one roof so its good if we get all Financial products at 1 roof so that the person can get the knowledge of all the products which are available in the market and can chouse the best product out of the list which he have to chouse. This is universal banking and its the future of the banking sectors.
By Mohammadarif.A.Shaikh , Consultant, My Learning Centre (CALORX)  | 10 03 2009 14:39:45 +0000
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I agree with Mr. Singh. The universal banking model will help leading towards Global banks is the future, will help customer to have wide variety of transfer features, linkage with equity, demats, funds, etc that everyone wil love to have. and also will help in tracing terrorists' funds and its sources
By Swati Raut, Product Manager, Aviva  | 08 11 2009 11:30:32 +0000
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YES, the global banks will stick to its universal banking model, as customers in low end market want wide range of financial services which are cheap.

Only a universal banking model can help those customers and it will also attract a large number. As firms which are specialized ,will charge more for their services...
By Shan Gehlot, Product Manager, Citibank  | 11 28 2008 09:29:19 +0000
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I agree with you Mr.Singh that there will be a change in the banking model..

Take in case of RBS ( Royal Bank of scotland ) has already shut down its proprietary trading desk after receiving a generous capital infusion from the British government.
By Ajeet Kumar Singh, Product Manager, ICICI Bank  | 11 28 2008 09:21:07 +0000
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