BCG/FT: Investment banks’ hopes of big cost savings ‘a pipe dream’

Transformational cost savings are a “pipe dream” for investment banks and only a handful will “eventually” be able to meet their cost of capital, the Boston Consulting Group has warned.
The caution came as BCG executives were speaking to a teleconference of 140 investors about the future of investment banks after publishing a report highlighting the challenges the sector faces as regulatory costs mount, trading volumes drop and interest rates remain problematically low.
The full article from the Financial Times is available at http://www.ft.com/intl/cms/s/0/244d076e-27d2-11e6-8b18-91555f2f4fde.html?ftcamp=engage%2Femail%2Fnewsletters%2Fsmart_brief%2Fsmartbriefnewsletterscontrafcf%2Fauddev&segid=0800933#axzz4AQg2Zrte

Related Posts

Previous Post
EquiLend launches Swaptimization for Total Return Swaps matching
Next Post
BlackRock + ICAP = financial technology powerhouse? (Premium)

Related Posts

Fill out this field
Fill out this field
Please enter a valid email address.

Menu
X

Reset password

Create an account