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Universal Banking: A Shareholder Value Perspective

Universal Banking: A Shareholder Value Perspective 1 For a detailed discussion, see Saunders and Walter [1994]. Financial Markets, Institutions & Instruments, V. 6, N. 5, December 1997. c 1997 New York University Salomon Center. Published by Blackwell Publishers, 350 Main Street, Malden, MA 02148, USA, and 108 Cowley Road, Oxford, OX4 1JF, UK. Ingo Walter Figure 1: Universal Bank Organization Structures Universal Banking: A Shareholder Value Perspective • • • • A fully-integrated universal bank (Type-A) provides a broad range of financial services (banking, securities and insurance) under a single corporate structure supported by a single capital base. There are, at present, no good examples of this particular model. A partially integrated universal bank (Type-B) conducts both commercial and investment banking within the same entity, but undertakes insurance underwriting and distribution, as well as mortgage banking, asset management, lease-financing, factoring, management consulting, and other specialized activities through separately-capitalized subsidiaries, either because such activities are separately regulated, or because they involve significant potential for exploitation of conflicts of interest, or a combination of such factors. Deutsche Bank AG would be a good example of this type of universal banking structure. In a Type-C universal bank the commercial bank, whose core business is taking deposits and http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Financial Markets, Institutions & Instruments Wiley

Universal Banking: A Shareholder Value Perspective

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References (31)

Publisher
Wiley
Copyright
New York University Salomon Center 1997
ISSN
0963-8008
eISSN
1468-0416
DOI
10.1111/1468-0416.00017
Publisher site
See Article on Publisher Site

Abstract

1 For a detailed discussion, see Saunders and Walter [1994]. Financial Markets, Institutions & Instruments, V. 6, N. 5, December 1997. c 1997 New York University Salomon Center. Published by Blackwell Publishers, 350 Main Street, Malden, MA 02148, USA, and 108 Cowley Road, Oxford, OX4 1JF, UK. Ingo Walter Figure 1: Universal Bank Organization Structures Universal Banking: A Shareholder Value Perspective • • • • A fully-integrated universal bank (Type-A) provides a broad range of financial services (banking, securities and insurance) under a single corporate structure supported by a single capital base. There are, at present, no good examples of this particular model. A partially integrated universal bank (Type-B) conducts both commercial and investment banking within the same entity, but undertakes insurance underwriting and distribution, as well as mortgage banking, asset management, lease-financing, factoring, management consulting, and other specialized activities through separately-capitalized subsidiaries, either because such activities are separately regulated, or because they involve significant potential for exploitation of conflicts of interest, or a combination of such factors. Deutsche Bank AG would be a good example of this type of universal banking structure. In a Type-C universal bank the commercial bank, whose core business is taking deposits and

Journal

Financial Markets, Institutions & InstrumentsWiley

Published: Dec 1, 1997

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