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Le paradoxe des banques britanniques

  • Christine Lagoutte
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    [fre] Les grandes banques de dépôts britanniques se distinguent par leurs niveaux très élevés de rentabilité, notamment depuis la fin du ralentissement économique et de la crise de l’immobilier au Royaume-Uni en 1993. Le recours à une nouvelle interprétation théorique de l’intermédiation financière qui prend en compte, outre la dimension informationnelle des banques, leurs avantages compétitifs spécifiques en termes de gestion du risque et de réputation, permet d’éclairer les choix stratégiques retenus. Dans les différents cas, l’activité bancaire de détail occupe une place prédominante. Le choix opéré en faveur d’activités (bancassurance, crédit immobilier et gestion de portefeuille) permet de tirer parti de synergies, à l’origine d’une rentabilité accrue. L’analyse stratégique des six plus grandes banques tend à préciser les différentes logiques respectives (vocation globale, resserrement sur le marché domestique et européen) et à éclairer leurs positions concurrentielles sur le marché bancaire. Classification JEL : G21, G28 [eng] British banks’ paradox The big British clearing banks emerge among the others banks around the world because of their high levels of profit since 1993. New theoretical interpretation of financial intermediation which includes, in addition to information, the competitive advantage of the banks in terms of risks management and reputation highlights the strategic choices. In any case, retail banking activity is predominant. Closely related activities as bancassurance, assets management and estate credits are generating synergies which improve the profit. Different guidelines are at the basement of the strategic choices adopted by the big six which determine their competitive positions in the banking market. JEL classification : G21, G28

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    Article provided by Programme National Persée in its journal Revue d'économie financière.

    Volume (Year): 77 (2004)
    Issue (Month): 4 ()
    Pages: 329-353

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    Handle: RePEc:prs:recofi:ecofi_0987-3368_2004_num_77_4_4191
    Note: DOI:10.3406/ecofi.2004.4191
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