Tagged: simon kent

Kearney Study Indicates Retail Banks Must Reduce Cost or Profitability Will Be At Risk

Consultant group Kearney is out with a warning for retail banks that costs must be reduced or profitability in the coming years may evaporate. According to a study by the firm, retail banks must reduce costs by €35-€45 billion (£25-£32 billion) within the next 3… Read More

Consultancy Kearney Says a Quarter of All Bank Branches to Close in Europe in Next 3 Years, an Increase in an Ongoing Trend

Global consulting group Kearney has distributed a report predicting that 1 in 4 European bank branches will close in the next three yeas as the shift away from brick and mortar bank branches ups the pace. Kearney states the obvious that new customer habits, boosted… Read More

Digital Transformation: Retail banks that Diversify by Offering More Online Services will Survive COVID-19 Pandemic, a New Report Claims

One out of eight retail banks will most likely face substantial losses this year due to the Coronavirus (COVID-19) outbreak and associated economic problems, according to Kearney’s European Retail Banking Radar. The consultancy company noted that revenue for retail banks is expected to decline by… Read More

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