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Basel III: Banks Expect Lower Profits
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Private banks will have to adjust to lower profits because of Basel III regulations..

The returns on equity will, depending on the business model of the bank amount to 15 to 20%, says the president of the Bankenverband (BdB, Banking Association), Andreas Schmitz, in an interview with the Reuters news agency.
Basel III demands a higher capital base from the banks. "More capital for the same business leads to lower returns on equity." This in turn could lead the…
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