Industry Analysis & Industry Trends
Banks perform a vital role in the markets within which they operate, providing businesses, consumers and governments with access to financial products and services. They ensure the sustainability of the financial system by bringing together lenders and borrowers, which allows for the flow of funds to occur.
The collapse of the US subprime mortgage market and consequential global recession shook the world's financial system and threatened to destroy the core foundations that it relies upon to function. Throughout the world, banks suffered unprecedented losses as their loan loss provisions skyrocketed due to their borrowers becoming unable to repay debt obligations... read more
Industry Analysis
Over the five years to 2011, revenue in the Global Commercial Banks industry has decreased 0.3% annually to $4.9 trillion. There have been three distinct phases over the past five years. First in 2007, the industry reached the pinnacle of its growth. Second, a sharp down turn in the global economy due to the subprime and housing crisis in the United States. Lastly, an emergence of an economic recovery in many parts of the world over the course of 2010 and 2011 facilitates a slow return on the path to prosperity, similar to that enjoyed prior to the global recession. In 2011, industry revenue is expected to increase 6.1%... read more