Costs have begun to stabilise in the private banking industry, according to a recent PricewaterhouseCoopers (PwC) survey, resulting in average cost-income ratio expectations of 76% for the year, compared to 83% last year. Despite the optimism, respondents believe a further reduction will be challenging, evidenced by respondents’ 2014 cost-income ratio of 73%. The issue of costs in a plethora of…
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