The next big trend that this correction will cause is a "shake-out
" period for nonprofits.
In recent years, the industry has seen considerable shake-out
. Not only are banks shying away from equipment-based lending, but several conglomerates with financing operations have left the equipment finance business to focus on their core competencies.
The dramatic political changes and regime shake-outs
in certain Arab countries caused widespread turbulence at a time when the understanding of their citizens, on issues such as democracy, freedom of speech and pluralism, was not sufficiently mature.
Other sectors where there will be more shake-outs
are leisure and healthcare, and the secondary industrial market."
The mayor of London said he expected "shake-outs
" at individual banks as Barclays chief executive Antony Jenkins revealed plans to slash costs by PS1.7bn.
and consolidations are the way ahead and will be in the best interest of the industry's long term prospects," pointed out Ashar.