1 in 4 bank branches will close across Europe in next 3 years, according to Kearney analysis
May27

1 in 4 bank branches will close across Europe in next 3 years, according to Kearney analysis

Analysis from global consultancy partnership Kearney predicts that 25% of bank branches will close across Europe in the next three years as new customer habits around digital banking, forced by the pandemic, become permanent. This is a sharp increase in the ongoing trend of bank branch closures across Europe, which saw 35% branch closures in the last ten years. Now in its 11th year, Kearney’s European Retail Banking Radar is an annual...

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European retail banks need to reduce costs by over £30 billion to survive the pandemic, says Kearney
May07

European retail banks need to reduce costs by over £30 billion to survive the pandemic, says Kearney

Analysis from global consultancy partnership Kearney has found that the COVID-19 pandemic and resulting recession will mean that banks across Europe need to rethink their strategies and reduce their costs by over £30 billion (€35 billion) to overcome this crisis.  Now in its 11th year, Kearney’s European Retail Banking Radar is an annual analysis of the pan-European banking market, tracking 92 retail banks in 22 European markets,...

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