Global Finance Magazine has named the World's Best Internet Banks 2012,round two.They are forging leadership in mobile banking services,online payments,cash management,social media and Web design and integration,as well as in attracting new customers in growing markets,strengthening ties with existing clients and improving cyber security.
The winning banks are also quickly responding to customer demand for better service,state-of-the-art functionality and personalised service,testing new Internet tools with clients and analysing user experience to hone their product,said Infosys Technologies' Balaji Yellavalli.
The 220 bank entrants were evaluated by a judging panel from Infosys.
Global Winners
Best Overall Internet Bank:Citi
Best Corporate/Institutional Internet Bank:Citi
Best Consumer Internet Bank:Standard Chartered
Regional Winners
Best Corporate/Institutional Internet Banks
North America:Wells Fargo
Europe:Citi
Central and Eastern Europe:Bank Pekao
Latin America:Citi
Asia Pacific:Citi
Middle East/Africa:Citi
Best Consumer Internet Banks
North America:Scotiabank
Europe:ActivoBank
Central and Eastern Europe:OTP Bank
Latin America:Scotiabank
Asia Pacific:Standard Chartered
Middle East/Africa:Standard Chartered
Infosys Ltd(INFY),Scotiabank(BNS),Citigroup(C),Standard Chartered PLC(STAN:London)
Showing posts with label banking industry. Show all posts
Showing posts with label banking industry. Show all posts
Wednesday, March 20, 2013
Wednesday, February 20, 2013
Global Investing Survey 2013
The banks' balance sheets in terms of deleveraging are pretty convincing,according to George Greg,head of international investing at William Blair and Company.The banks move to adjust their strategy where they can make themselves strong-in the human resources area.The capital and cost questions are being addressed.
In the long run,we're gonna have to ask what is the normalised ROE here in relation to industrials.
As for Japan,overwhelmingly on the mind of investors is what the Bank of Japan will do next,the effectiveness of monetary policy going forward.We favour the major financials;global industrials;and consumer stocks with a lot of vibrancy in the small cap end.
In Europe,we like industrial capital goods;global luxury and consumer brands;and cars.Spain has already made great strides in productivity and unit labour costs,and will be more competitive going forward.
There are still plenty of good opportunities in the US,though it is more expensive than Europe.
Portugal's GDP contracted for the ninth straight quarter on declining exports,and the Euro Area GDP fell the most since 2009 in Q4 2012.
British Prime Minister David Cameron arrived in India with the largest business delegation ever,representing 100 companies,including BAE Systems;HSBC;and Rolls Royce.He called India the partner of choice.
William Blair International Growth N Fund(WBIGX),William Blair International Equity Class I Fund(WIEIX)
In the long run,we're gonna have to ask what is the normalised ROE here in relation to industrials.
As for Japan,overwhelmingly on the mind of investors is what the Bank of Japan will do next,the effectiveness of monetary policy going forward.We favour the major financials;global industrials;and consumer stocks with a lot of vibrancy in the small cap end.
In Europe,we like industrial capital goods;global luxury and consumer brands;and cars.Spain has already made great strides in productivity and unit labour costs,and will be more competitive going forward.
There are still plenty of good opportunities in the US,though it is more expensive than Europe.
Portugal's GDP contracted for the ninth straight quarter on declining exports,and the Euro Area GDP fell the most since 2009 in Q4 2012.
British Prime Minister David Cameron arrived in India with the largest business delegation ever,representing 100 companies,including BAE Systems;HSBC;and Rolls Royce.He called India the partner of choice.
William Blair International Growth N Fund(WBIGX),William Blair International Equity Class I Fund(WIEIX)
Wednesday, January 23, 2013
Betting On Banking:Should You Invest in Chase and Citigroup
JP Morgan Chase reported earnings of 1.48 versus a consensus estimate of 1.16,and revenue of 24.37 billion dollars versus an estimate of 24.41 billion.We think that the numbers were good,in line,said Jason Goldberg,CFA,an analyst at Barclays.Mortgage results continue to be the story.Asset management and commercial banking also had a good quarter.
We have an overweight on the stock.We think you'll see several metrics in the right direction.They're growing the top and bottom lines.Not too bad.It is trading well below tangible book value.
The stock has outperformed the market and the sector since Jamie Dimon joined as CEO.It's certainly one of our favourites in 2013.We also like Citigroup and US Bank.
Gerard Cassidy of RBC Capital Markets thinks Citigroup is in a good position to obtain some capital return for shareholders.Their Q4 report as well as their reducing exposure to risky assets over the past 2-3 years will support their case with regulators.
JP Morgan Chase was at 46.14 in afterhours Wednesday trading,down 0.09;while Citigroup was at 41.85,down 0.17;and US Bank was at 32.70,down 0.39.
JP Morgan Chase(JPM),Citigroup(C),US Bank(USB)
We have an overweight on the stock.We think you'll see several metrics in the right direction.They're growing the top and bottom lines.Not too bad.It is trading well below tangible book value.
The stock has outperformed the market and the sector since Jamie Dimon joined as CEO.It's certainly one of our favourites in 2013.We also like Citigroup and US Bank.
Gerard Cassidy of RBC Capital Markets thinks Citigroup is in a good position to obtain some capital return for shareholders.Their Q4 report as well as their reducing exposure to risky assets over the past 2-3 years will support their case with regulators.
JP Morgan Chase was at 46.14 in afterhours Wednesday trading,down 0.09;while Citigroup was at 41.85,down 0.17;and US Bank was at 32.70,down 0.39.
JP Morgan Chase(JPM),Citigroup(C),US Bank(USB)
Wednesday, November 7, 2012
Advert Chief Shares Outlook-plus ICBC earnings
The UK and Germany bookend Europe,with Italy,Spain and France in distress,according to Sir Martin Sorrell,noted British advertising magnate.We saw a step change downwards in September advertising.There's an overall problem across the world,including some of the fast-growing markets.
Long term indications are starting to show some signs of flipping up.Maybe mid-2013 we will start to see some uptick in the private sector.
We have to get used to this slow recovery in the Western world.It's very uncomfortable for us in the West to come to terms with the growth engines being in the East,Mr.Sorrell admitted.
Industrial and Commercial Bank of China earned the most money in the banking sector last quarter.The bank's 10 billion dollar income was a Q3 record,and the company could set an earnings record on the year as well.The world's biggest bank,ICBC beat the earnings estimate on increased credit demand.Its market capitalisation is about equal to that of JP Morgan Chase,Goldman Sachs and Bank of America put together.
Barclays Capital says China's oil demand will grow 3.6% in 2013.
Sir Martin Sorrell is co-founder and CEO of WPP Group,the world's largest marketing communications company.
Industrial and Commercial Bank of China Ltd(ICBC)
Long term indications are starting to show some signs of flipping up.Maybe mid-2013 we will start to see some uptick in the private sector.
We have to get used to this slow recovery in the Western world.It's very uncomfortable for us in the West to come to terms with the growth engines being in the East,Mr.Sorrell admitted.
Industrial and Commercial Bank of China earned the most money in the banking sector last quarter.The bank's 10 billion dollar income was a Q3 record,and the company could set an earnings record on the year as well.The world's biggest bank,ICBC beat the earnings estimate on increased credit demand.Its market capitalisation is about equal to that of JP Morgan Chase,Goldman Sachs and Bank of America put together.
Barclays Capital says China's oil demand will grow 3.6% in 2013.
Sir Martin Sorrell is co-founder and CEO of WPP Group,the world's largest marketing communications company.
Industrial and Commercial Bank of China Ltd(ICBC)
Wednesday, June 27, 2012
Banking Requires Risk,Former Fed Chairman Says
Alan Greenspan,86,former Federal Reserve Chairman,is halfway through writing his new book.He's been asking why did the most sophisticated technologies fail to capture the greatest crisis on September 15,2008?There are certain things that simply cannot be forecast,Mr.Greenspan answers.Animal spirits can't be defined in terms of numbers.
The only way to preserve Europe is a political consolidation of Europe.You're trying to put together a whole series of different cultures.They must be under the same political tent.
In my experience,the Glass-Steagall Act of 1933,which separated commercial banking from investment banking and was later repealed, is not where our problems lie.Productivity goes up because we add cutting edge technologies.If you're gonna use our scarce savings to finance questionable institutions,you're not gonna have money for cutting edge technology.Banking couldn't exist without the taking of risks.Some of the bank's portfolio will fail.Without risk,there is very little by way of innovation.Creative destruction is what moves our economy forward.
The only thing Europe is currently doing is financing deficits;not eliminating them.It's taking the easy way out,with very negative long term consequences.That is not conducive to a stable system.The American economy looks very sluggish to me.Over 90% of it,the non-durable goods,is doing fine;the other 8% is down by 50%,Mr.Greenspan noted.
Alan Greenspan was Federal Reserve Chairman from 1987-2006.He is the author of the best-selling "The Age of Turbulence."
The only way to preserve Europe is a political consolidation of Europe.You're trying to put together a whole series of different cultures.They must be under the same political tent.
In my experience,the Glass-Steagall Act of 1933,which separated commercial banking from investment banking and was later repealed, is not where our problems lie.Productivity goes up because we add cutting edge technologies.If you're gonna use our scarce savings to finance questionable institutions,you're not gonna have money for cutting edge technology.Banking couldn't exist without the taking of risks.Some of the bank's portfolio will fail.Without risk,there is very little by way of innovation.Creative destruction is what moves our economy forward.
The only thing Europe is currently doing is financing deficits;not eliminating them.It's taking the easy way out,with very negative long term consequences.That is not conducive to a stable system.The American economy looks very sluggish to me.Over 90% of it,the non-durable goods,is doing fine;the other 8% is down by 50%,Mr.Greenspan noted.
Alan Greenspan was Federal Reserve Chairman from 1987-2006.He is the author of the best-selling "The Age of Turbulence."
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