European banks have proved resilient in the face of the Covid-19 pandemic, but the need for transformation is as urgent as ever. The pace of economic recovery remains uncertain, and the banking landscape is continuing to change rapidly. Rising costs and defaults will further erode profitability at a time when stakeholders are demanding that businesses commit to sustainable business models.
The stakes are high. European banks will struggle to catch up with their stronger US and Asian peers without radical change. Banks must act now to address these challenges head-on through a profound transformation of their business models. The goal must be to close the gap between bank returns and their cost of equity. Register now and find out what banks can expect if they succeed in this transformation.
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