1934-2010年美国银行业盈利模式变迁的价值链解析与启示

美国银行业盈利模式变迁集中反映在美国银行业收益结构的变化上，起因于金融价值链的裂解与聚合，并通过对银行价值链的重构实现向全能银行的成功转型。借鉴美国经验，我国商业银行应树立全功能银行的经营理念，根据风险绩效优化传统信贷业务，发展主动性风险业务，加强系统风险管理，降低费用和资本支出。

Value-Chain Analysis of the Evolution of U.S. Banking Industry Profit Model:1934-2010

It shows that the U.S.banking industry profit model has changed from single-function to full-function in1934-2010 by watching its revenue structure changes.The reason lies in the financial value-chain cleavage and aggregation and the reconstruction of the banking value-chain.To achieve a successful transition to full-function,Chinese commercial banks should change its business philosophy,optimize the structure of traditional business,develop new sources of profit,strengthen the system risk management,and reduce costs and capital expenditures.