International Finance

Tag : McKinsey


McKinsey Report Says Twenty Percent of Banks May Shrink or Merge

Return on equity (RoE) dropped as low as 4 percent across the industry in 2008 after the financial crisis and remains below the average cost of capital, estimated at 10-12 percent. November 8th ,2013 : One fifth of the world’s biggest banks may be broken up or sold as part of a “radical course correction” in...