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Banks’ WM revenue growth to be driven by market performance in next four years: McKinsey

Wealth management will remain an attractive business for global banks, due to its capital efficiency and growth profile relative to other opportunities, according to the McKinsey Global Banking Annual Review 2020 titled A test of resilience: Banking through the crisis, and beyond. Over the next four years, wealth management revenue growth will be mostly driven by market performance, it asserts….

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