How to Keep Our Money

The financial crisis continues to storm in the global markets. This time the main victim of crisis is a banking system developed and developing countries. And experts notice, that the global banking system will undergo huge changes by 2012.

According to experts' opinion, banks of majority of countries will look absolutely different in two or three years: some banks will disappear, others remain afloat.

It should be noted that the American banks were the first ones to feel on itself the consequences of the crisis. Now the banking system of the USA radically differs from how it looked several years ago: investment banks have ceased to exist and have been transformed into banking holding companies. Now is the turn of the European banks, market participants note. "Banks should concentrate on their key subdivision. Times, when banks gained money from air, became a thing of the past", - Arthuro De Frias, the analyst of Dresdner Kleinwort, marks.

Experts also think that the majority of banks should reduce the volume of loan proceeds and moderate their appetites. "Banks will become smaller and will actively increase volumes of deposits", - Simon Morgan, the analyst of MF Global, says, adding that even now the majority of banks dismiss employees, cut down expenses, limit crediting and actively involve private investors.