News

Banks ramp up competition

Thursday 28th of February 2013

But banks are unlikely to have the skilled advisers necessary.

KPMG partner John Kensington, an author of the newly-released Financial Institutions Performance Survey (FIPS), said that with little prospect of big increases in profitability from their core activities, banks were expanding into non-traditional services.

“Banks make the majority of their money from net inte...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.