European Private Banking Survey 2015: Fundamental changes behind the scenes

European private banking survey 2015: Fundamental changes behind the scenes

European private banking survey 2015: Fundamental changes behind the scenes

In 2014, for the fifth consecutive year, the private banking sector in Western Europe reported a growth in absolute profits. However, the growth should not mask the fact that the industry’s profit margin has stayed roughly flat over the past five years as revenue margins have remained under continuous pressure and cost reduction efforts have failed to make meaningful inroads.

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