Valuable assets
13 September 2012
Faced with increasing competition, banks and insurance companies have gradually woken up to the benefits of professional procurement. Geraint John looks at the growth of purchasing in UK financial services in the 1990s
Scarcely a day seems to go by without news of another big deal in financial services hitting the headlines. Bank of Scotland’s audacious £22 billion bid for its bigger rival NatWest is just the latest in a string of attempted mergers in what is becoming an increasingly regional, and even global, business. Across the US, Europe and Japan, banks and insurance...