Fintech rises as bank profits fall
Low profitability remains the main risk for euro area banks, according to the European Central Bank’s annual report on banking supervision, and with little sign of revenues rising in 2016, more and more financial institutions are turning to technology to cut costs.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts