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Cost-cutting and bumper revenues help EU banks beat 2021 targets
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Tighter cost control, coupled with booming revenues, will help large European banks beat their 2021 targets, but Fitch is warning that major lenders may face a tougher test next year.
Buoyant capital markets gave corporate and investment banking, as well as asset and wealth management arms, a boost during 2021, according to a new report from Fitch Ratings, with lenders cashing in thanks to “diverse business models and strong franchises”.
However,...
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