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Are Asia’s private banks on the road to nowhere?

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…

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