Universal banking : the effects of diversification on bank profits in a low interest world

• Main Authors: Angelica, Halim Lim, Tjong, Isaac Wen Jun, Teo, Jia Qing
• Other Authors: WANG, Wei-Siang
• Format: Final Year Project
• Language: English
• Published: Nanyang Technological University 2020
• Subjects: Social sciences::Economic development
• Online Access: https://hdl.handle.net/10356/138904
• Institution: Nanyang Technological University

This paper aims to determine the impact of diversification of banks’ activities on their profitability, under the universal banking model. A universal bank provides a one-stop-shop for all financial services to consumers. We examined a panel dataset consisting of 47 NYSE-listed US banks from 2009 to...