McKinsey warns banks on RoE strategy fallout
Structured credit and cash equities businesses at some investment banks could be shut down as firms struggle to maximise their returns on equity under new regulatory regimes, according to a new report this week by consultancy firm McKinsey.
"Not everyone will be heading for the exits; some brave banks that believe strongly in a strategy based on scale and efficiency might even choose to invest heavily in some of their businesses," the report said.
"To do so requires a rapid build-up of market share and the
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