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Definition of 'Financial Supermarket'
An institution or company that offers a wide range of financial services under one roof. Financial supermarkets provide services which typically include banking, stock brokerage and insurance, and occasionally real-estate brokerage. The basic rationale behind the financial supermarket concept is to generate more fees per client and foster customer loyalty.
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Investopedia explains 'Financial Supermarket'
While financial supermarkets may certainly offer convenience and efficiency to customers, they have not become dominant players in the financial services industry for a number of reasons. This is best exemplified by the retreat of Citibank since 2009 from its avowed objective of becoming a global financial supermarket.
Firstly, increasing government regulation in the wake of the 2008 global credit crunch may hamper merger attempts in the financial industry. Secondly, in challenging economic times, price-conscious customers are likely to shop around for the best deal - whether it is the lowest interest rate on a mortgage or the least amount of commissions charged for stock transactions - rather than pay a premium price for the sake of convenience. Finally, the establishment of the Internet as a medium of disintermediation for financial services is a potent threat to the consolidation activity that is required to form a financial supermarket.
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Search results for 'Financial Supermarket'
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http://stocks.investopedia.com/stock-analysis/2011/Financial-ETFs-That-Can-Hurt-Your-Portfolio-XLF-SKF-KBE-XLU1107.aspx
... In the mid-2000s, even though the share price was appreciating, it became increasingly
clear that the financial supermarket model Citigroup pioneered was ...
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http://financialedge.investopedia.com/financial-edge/0711/10-Reasons-Why-Online-Grocery-Shopping-Is-Failing.aspx
... (For related reading, see Tips For Keeping Your Financial Data Safe ... Technology
Hasn't Yet Been Applied We can envision a day when supermarket websites show ...
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http://stocks.investopedia.com/stock-analysis/2011/Kroger-More-Than-Ordinary-KR-SVU-WMT-BBY-SWY0913.aspx
... for financial news, quotes and insights. Get Free Stock Analysis By Email. Second
Quarter Recap Sales advanced 11.5% to $20.9 billion. Total supermarket sales ...
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http://financialedge.investopedia.com/financial-edge/0210/a-map-to-grocery-store-savings.aspx
... Financial Edge ... Filed Under: Personal Finance. If you're like many people, you stroll
through your local supermarket without giving much attention to its design. ...
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http://stocks.investopedia.com/stock-analysis/2009/Are-Supermarkets-Worth-A-Shop-WINN-KR-WMT-TGT-DLTR1030.aspx
... At first glance, Kroger (NYSE:KR), the Ohio-based supermarket, seems more attractive. ...
Curtis has since worked as a financial writer at a series of both web and ...
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http://financialedge.investopedia.com/financial-edge/0711/Why-Extreme-Couponing-Wont-Work-For-You.aspx
... Financial Edge Home. ... For the stars of the TLC show, and for the customers who you
see three carts deep in the supermarket check out line, this is no haphazard ...
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http://financialedge.investopedia.com/financial-edge/0212/How-To-Shop-Locally-And-Save-Money.aspx
... Financial Edge Home. ... brands. However, another way to cut costs is to skip
the supermarket altogether to purchase locally grown food. ...
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http://stocks.investopedia.com/stock-analysis/2011/Kroger-Shows-Encouraging-Growth-KR-SWY-SVU-WFMI-WINN-COST-DG-FDO0309.aspx
... Kroger, like many of the supermarket stocks, is a dividend play and also ... still follows
the markets, studies and reads widely in financial literature, and has ...
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http://stocks.investopedia.com/stock-analysis/2010/Is-Winn-Dixie-A-Long-Term-Winner-WINN-KR-GAP-RDS.A-BGP-SWY0222.aspx
... in image and customer experience without over-committing financial resources. ... executing
operations well in the new, difficult supermarket retailing climate ...
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http://www.investopedia.com/articles/mutualfund/07/no-load.asp
... The Financial Industry Regulatory Authority (FINRA) limits 12b-1 fees used for
marketing ... a mutual fund company or indirectly through a mutual fund supermarket. ...
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