No longer is profitability a given for Asia’s private banks. Globally, pre-tax income levels of some of the region’s most dominant players have fallen by an average of 25% between 2006 and 2012, while cost/income ratios have risen by almost 15.5%. In Asia alone these ratios are skewed towards the unsustainable end of the spectrum, with Asian Private Banker aware…
Have a confidential tip? Get in touch [email protected]