Family-led banks in the global economy -- A family bank's origins -- The industrial group -- Survival of the biggest? -- The new world -- Alliances, and their limits -- Back to Europe -- Managerial style, governance, succession -- The future of a global group

Family-led banks in the global economy -- A family bank's origins -- The industrial group -- Survival of the biggest? -- The new world -- Alliances, and their limits -- Back to Europe -- Managerial style, governance, succession -- The future of a global group

Since 1995 two Spanish banks -- Banco Santander Central Hispano and Banco Bilbao Vizcaya -- have become the largest foreign banks in retail banking in Latin America. This recent development merits careful analysis because foreign direct investment is rare in retail banking. We find that the...

Lottery-linked deposit accounts have proved to be popular around the world. From the point of view of a bank, these products are especially successful among relatively low-income customers, or in markets in which many people are outside the banking system. Below, we describe numerous examples of...