Titlebook: Rivalry in Retail Financial Services; Margaret Rothwell,Paul Jowett Book 1988 Palgrave Macmillan, a division of Macmillan Publishers Limit

ASSET

cleaver

Book 1988An exploration of the changes in strategy which the developments of the 1980s have provoked in banks, building societies and insurance companies. It presents an analysis of the frenzied activities of a group of players, all of whom have been forced to adjust to the new rules.

終止

Arboreal

outset

ELATE

Retail Banking: the Big Four, the intensity of competition between existing players, the reality, probability or ease of territorial invasion by new entrants, the bargaining power of both buyers and suppliers, and by analysing the extent to which it is possible for rival firms in related, competing sectors to gain market shares

MORT

Retail Banking: the Second Tier,the TSB, Citibank Savings and Coutts & Co. During the last decade members of the Second Tier (with the exception of Coutts) have been raising their profiles, exploiting market opportunities and flexing their muscles with such determination and aggression, that the Big Four can no longer dismiss them

Highbrow

Building Societies,ed by the banks, and although other types of institutions had been developing throughout the previous century and longer, their effects on financial conditions were considered to be insignificant and accordingly were not even given a passing mention in the Macmillan Report of 1931. By the time of th

persistence

Folklore