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European retail banks need to reduce costs by over EUR 35 billion to survive the pandemic

Banks across Europe will need to save nearly EUR 80 per customer and swiftly digitise to weather the impact of COVID-19 pandemic. 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 EUR 35 billion to overcome this crisis. Now in its 11th year, Kearney’s European Retail ...

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