GlobalData
GlobalData

Banking

HNW and mass affluent wealth drops as riskier investments falter

Wealth has plunged as liquid assets held by the affluent will decline by 10% overall in 2020, according to GlobalData, a leading data and analytics company. GlobalData expects a fall of 7% in wealth globally, which is down 10pp from the company’s pre-COVID-19 forecast of 3% growth. GlobalData also expects the liquid assets for High […]
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Skadden, Arps, Slate, Meagher & Flom and Kirkland & Ellis were top legal advisers by value and volume in global financial services sector in H1 2020

Skadden, Arps, Slate, Meagher & Flom and Kirkland & Ellis were the top mergers and acquisitions (M&A) legal advisers in the global financial services sector in the first half (H1) of 2020 based on deal value and volume, respectively. Skadden, Arps, Slate, Meagher & Flom advised on 14 deals worth US$68.3bn, which was the highest […]
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Morgan Stanley and JP Morgan were top financial advisers by value and volume in global financial services sector in H1 2020

Morgan Stanley and JP Morgan were the top mergers and acquisitions (M&A) financial advisers in the global financial services sector in the first half (H1) of 2020 based on deal value and volume, respectively. Morgan Stanley advised on 16 deals worth US$67bn, which was the highest among all advisers, while JP Morgan led in volume […]
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Taiwanese payment cards market growth expected to sustain the COVID-19 outbreak, says GlobalData

Taiwan is among least affected nations from the outbreak of COVID-19 pandemic. With the government introducing comprehensive stimulus measures and easing international travel restrictions, a rise in consumer spending is expected which will in turn drive growth in card payments, says GlobalData, a leading data and analytics company. According to GlobalData revised forecasts, the value […]
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Competition between marketplace lenders will be fierce as COVID-19 will strengthen established players, says GlobalData

Tightening of regulations and a likely upcoming recession will increase investor caution and turn consumers to traditional banks and building societies, according to GlobalData, a leading data and analytics company. *GlobalData’s 2020 Financial Services Consumer Survey (time period – one year, collected in January 2020 with sample size of 400) shows that when UK consumers […]
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Chinese banks dominate critical growth parameters, finds GlobalData

GlobalData, a leading data and analytics company, analyzed the year-on-year (YoY) change and 5-year compound annual growth rate (CAGR) in revenue (interest income + non-interest income), net profits and total assets of the top 25 publicly-traded global banks by revenue. The analysis suggests that the Chinese banks lead in the core growth parameters. All the […]
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UK consumers and vendors avoid cash but online spend offsets some of the damage, says GlobalData

The overall decline in payments during this crisis has been partially offset by a rise in online spending, but non-essential spending plummets, according to GlobalData’s statistics. Several prominent retailers have temporarily closed their stores and moved to online-only sales, and online payments solutions, such as Paypal, Visa checkout and Masterpass, stand to benefit from the […]
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