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EFG International facing pressure on cost-income ratios

Swiss private bank EFG International says “Client activity was muted for much of 2010 (with economic uncertainty leading to a preference for cash), resulting in an inevitable impact on margins in a low interest rate environment. Cost-income ratios at the bank rose to 85.2% in 2010, up from 79% in the previous year, eroding profits at the bank despite clients…

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