A panel discussion at Asian Private Banker’s Investment Advisory Summit (IAS) in Singapore today yielded no clear consensus on how private banks should manage their costs and revenues in order to sustain profitability. One attendee believed that to maintain relatively low cost/income (C/I) ratios, revenue growth – and not costs – should be banks’ primary focus. “For every 10% you…
Private banks divided on best approach to maintaining profitability
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