The Future of Global Financial ServicesISBN: 978-1-4051-1701-2
Hardcover
240 pages
July 2004, Wiley-Blackwell
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Other Available Formats: Paperback
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"Robert Grosse shows that, despite the internet, most financial
services are still delivered locally; indeed the world's largest
international financial institutions (such as Allianz and Merrill
Lynch) are leaders in their home markets but are not true global
leaders. He also shows that, in retail banking, the performance of
commercial banks is strongly determined by the growth of their home
markets." Alan Rugman, Indiana University
"In this important book Robert Grosse shows that, despite the internet, there are few globally active financial institutions and that there are no truly global competitors. Most financial services are still delivered locally: as a notable example, in retail banking the performance of commercial banks is stongly determined by the growth of their home markets. The future of financial services will be local rather than global." Alan Rugman, Kelley School of Business