A quarterly survey of SA's major retail banks, merchant & investment banks, asset managers and life insurers, reflecting business conditions in the financial services sector
Title:
Ernst & Young Financial Services Index, 2009Q4
The Ernst & Young Financial Sector Confidence Index increased further. Retail banks faced difficult times due to poor income growth. Investment banks struggled due to weak business activity levels. Rising share prices buoyed investment managers. Higher investment income and lower benefit pay-outs gave life insurers a temporary boost.
