2.3. Changing Economic Landscape
The business landscape has been changing drastically during the last five years. New business models have brought surprises to traditional business corporations and financial institutions. For example:
Could a courier company provide trade financing (Letter of Credit service) to traders? Yes, UPS Capital, not a pure-play courier company today, has emerged as a financial intermediary for different trade financing services to major buyers.
What is the largest financial institution in the United States? Is it Citigroup? Nope, it is General Motors. It finances every car it sells to consumers.
The Internet and its associated technology have also played a significant influencing role as well. We have seen megamergers ...