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By François MASQUELIER, CEO Simply Treasury
According to a recent McKinsey study (i.e. «Global Banking Annual Review»), one bank in three will be destined to disappear. It is true that many had predicted a bank consolidation. However, in a gloomy economic context and with negative interest rates, it seems unattractive for one bank to absorb another to better cope with the surrounding challenges. Many people have announced and predicted mergers and targets (e.g. Commerz Bank, DB, SocGen,... for example). Size does not seem to be the solution to better resist. It would only enlarge the problems. Banks have a too low rate of return for several obvious reasons.
Compliance seems to be one of the chasms that penalizes financial institutions. However,...
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