The Economist

The Economist: International Banking
  • The Economist: International Banking

  • The Penguin Economist Special reports delve into the most pressing economic issues of the day: from national and global economies, to the impact of trade, industry and jobs. Written to be read on a long commute or in your lunch hour - be better informed in under an hour.

    Retail banking is heading for a revival. With the financial crisis still hanging over Western economies, banks have rejuvenated the retail arm of the business. They are now seen as more stable sources of profit than the risky traders.

    Technology is both a help and a hindrance. On one hand, online banking is revolutionizing money management. But will this lead to the close of the high street bank? How can banks outstrip the developing tech companies who are offering rival services?

    This report will assess the challenges and opportunities that banks face in the rich world and the emerging markets. Sections include:

    Retail renaissance

    Withering away

    Dispatches from the hothouse

    Crunching the numbers

    A wealth of wallets

    Over the sea and far away

    Private pursuits

    World, here we come

Martin Giles joined The Economist as a Finance Correspondent in 1988. He then moved to Paris as the newspaper's European Business Correspondent, before returning to London as Finance Editor. Mr Giles subsequently spent several years on the business side of The Economist Group, latterly as Managing Director of the group's US operations. During this time he was awarded an executive MBA from The University of Chicago's Booth Graduate School of Business. In 2008 he returned to the editorial staff of The Economist, becoming the newspaper's management correspondent in New York. Since 2009 he has been the US Technology Correspondent in San Francisco. He has written special reports on numerous subjects during his career at The Economist, including European business, international banking, insurance and the rise of social networks. Mr Giles is a member of the Advisory Council of The Royal Institute of International Affairs (Chatham House) and a trustee of the Marjorie Deane Financial Journalism Foundation.