Community

Cultural change will reunite banks with their long-lost profitability levels

Radical cost-cutting, branch-closing and job-axing are no longer enough. In the era of digitalization, low interest margins, strict regulations and brave new-entrant banks will need to find a new approach to regain profitability. Most banks fail to earn their cost of capital. In Germany, for example, only 6% of banks earn their equity costs. Addit...

20 July 2015