What can banks do to reduce the $300bn gap in banking sector profitability?
Increased regulation, higher funding costs, changing customer behaviour and an evolving competitive landscape have taken their toll on banks over recent years, creating a structural gap in bank profitability.
We estimate that banks would need to raise net profit by $300bn to return to pre-crisis profitability levels. In a world where 'business as usual' no longer applies, how can the industry improve return on equity and bridge the profitability gap?
Read more in this insightful white paper jointly produced by Temenos and Deloitte.