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Archive » November 2015 » Financial services distribution in Europe: an analysis of business models

Financial services distribution in Europe: an analysis of business models

Elena Aruanno , Paola Musile Tanzi, Mattia Suardi
November 2015 - n. 11
Jel codes: G28, G32

The research analyses 27 European financial intermediaries from 2009 to 2014. We compare specialised intermediaries with banking global players. The best net profitability is found in the niche players group; among them, using a cluster analysis which identifies three different business models, we find that the most dynamic players in offering also insurance-welfare services are able to achieve the highest margins and stability

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