Banking in 2050

www.pwc.co.uk/ financialservices Banking in 2050 How the financial crisis has affected the long term anticipation for the global banking industry. May 2011 Contents 1. executive director Summary 2. Approach 3. How long will the acclivitous economies become? 4. Domestic banking as sort outs historic trends 5. Projections of banking assets and remuneration to 2050 6. Conclusion and name questions Annex: Methodology and data 3 6 8 12 15 23 25 1. Executive Summary The accelerating shift in economic power from the developed to emerging economies is dramatically changing the banking industry across the world. Leaders of financial institutions need to take advantage of the growth opportunities this change is creating. This narrative provides projections of the long-term trends of the banking sector based on the underlying macro-economic trends, from promptly until 2050 for the worlds leading economies. PwC* waste prepared this enunciate to help organisations develop their long-term strategy and plans. Our analysis quantifies the intercommunicate size and growth of the banking sectors for different economies. We identify the projected clock of the key transitions when the emerging economies become leading players.

And crucially, we demonstrate these changes have accelerated since the period prior(prenominal) to the global financial crisis, placing greater demands on industry leaders to respond effectively to these opportunities. The modern global financial crisis shook the world economy and set in motion significant changes to the banking industry. In this report we pitch updated projections on how large we expect the banking industry to become in the worlds largest economies over the next 40 years, mental synthesis on our 2007 report on this same topic that was produced prior to the onset of the financial crisis,1 and our updated GDP projections published earlier this year.2 Our key findings are that: The emerging economies banking sectors are expected to outgrow those in the developed economies by an even... If you want to get a good essay, order it on our website: Orderessay

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