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European private bank profits dive

20 July 2010

A failure to cut costs has caused the profitability of European private banks to plummet

Read more: Private banking

A failure to cut costs has caused the profitability of European private banks to plummet, says the Financial Times.

Margins, profits and inflows were all at record lows in 2009, according to the McKinsey annual private banking survey. It found...


 

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