US EditionEuropean Banks Narrow Profit Gap with Us Rivals
11 Articles
11 Articles
Central European banks closed the gap on US banks' profits last year. The ten largest European banks saw their combined profits rise by eight percent, while their US rivals saw their combined profits fall by nine percent. However, the combined profits of the ten largest US banks were still almost 80 percent higher.
European large banks have developed better than their competitors in the USA last year, but their lead remains large.
The largest banks in Europe cannot keep up with their competition in the US in terms of profits. Last year, however, the profits on the European continent are growing significantly.
The largest European banks have developed better than their competitors in the United States last year, but the lead of US institutions remains large.
American banks still outperform European ones in profitability, but the gap has been narrowing in recent years
Handelszeitung
watson.ch/Europe's leading banks have caught up somewhat in comparison to the US competition last year. However, the lead of US institutions remains large, as the consulting and auditing company EY calculated.
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