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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...
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