Are global banks dead or just refocusing on home markets?
Juultje van der Wijk, global head of trade finance services at ING Group, feels that banks will focus on their home markets and areas where they have a strong foothold.
Date: Nov 12, 2012
Author: Baron Laudermilk
Categories: Islamic Banking, Retail Banking, SME Banking, Trade Finance, Transaction Banking, Wealth Management
Keywords: ING Group, Juultje van der Wijk, HSBC, Bank of Beijing, Hiromasa Nagamine, SMBC, Vagner Vichiesi, Banco Do Brazil, Albert Yu, BMO, BofA
Recently, we have been seeing banks step back and rethink their offshore strategies as the world's economy continues to struggle and new regulations bring new challenges. This has clearly caused global…