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Some small banks may survive as niche operators.
These niche operators dare to tread where larger companies will not.
In the 1980s a small number of niche operators had established themselves catering to adventurous Italians and French; nothing compared to the mass tourism of the Gambia.
The giants of the industry, UBS and Credit Suisse, are doing all right, and some small niche operators too are making a comfortable living, but those in the middle are increasingly getting squeezed.
In the corporate aircraft niche, operators range from "a guy that owns a Cessna 250" to "a General Electric that has five or six Gulfstreams and two 737's in its fleet," Mr. LeBlanc said, explaining the complexity of drafting regulations to cover the whole field.
Exchanges make life easier for niche operators, which can concentrate on, say, running a long-distance route between two cities.The next leap forward in bandwidth trading will be when it becomes easier to trade "circuits", such as high-speed fibre-optic connections between two offices in different cities.
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Alongside expert-led trips to Bosnia and North Korea, niche operator Political Tours (0843 289 2349, politicaltours.com) – founded by former Guardian journalist Nicholas Wood – will run an Egypt trip this November to explore the political landscape, with ministers, academics and revolutionaries, from about £2,200pp, excluding flights.
The problem has left a gap in the market and Hyperoptic, the niche operator that last year raised £50m from financier George Soros to fund its expansion, has begun wiring up buildings across town.
A niche operator has been adopted to prevent genetic drift, and an elitism operator, to insure the propagation of the best result of each objective function.
Three of the seven are new entrants seeking to snap up some of the 4G airwaves: BT, a subsidiary of China's PCCW, and the niche UK operator MLL Telecom.
It requires finding a niche that cable operators need to fill, plus financing of $75 million to $100 million.
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