1. Banks Vie for Europe's Consumers.
- Author
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Portanger, Erik and Beckett, Paul
- Subjects
- *
CONSUMER finance companies , *CONSUMER credit , *FINANCIAL services industry , *PERSONAL loans , *CREDIT cards - Abstract
Discusses the consumer-finance industry in Europe. Idea that many Europeans, especially Germans, do not have credit cards; Finance companies which are growing in Europe, including General Electric Co, (GE), Citigroup Inc., and BNP Paribas SA; Competition between the companies to dominate the market for personal loans, credit cards, sales financing, and subprime mortgages; Plans of GE Consumer Finance to purchase Abbey National PLC's consumer-finance arm in Great Britain.
- Published
- 2003