bg-arrow-down icon-arrow-up icon-back-to-top icon-linkedin icon-menu icon-search icon-twitter logo-white slider-arrow-left-gray slider-arrow-left slider-arrow-right-gray slider-arrow-right

Withering away

The Economist
Sherief Meleis of Novantas, another consultancy, reckons that thanks to low rates banks are about $60 billion a year worse off than in 2007 and that new rules are trimming their revenues by another $15 billion or so. With such a steep drop in income, about 15% of the current branch network tips over into unprofitability, he says.

Read more: Withering Away

For more information, contact Novantas Marketing

+1 (212) 901-2772

Please enter your email for verification: