Massive Change in Banking Landscape

Businessn.a. ♦ Published: January 2, 2014; 22:43 ♦ (Vindobona)

The business model of banks comes more and more under pressure. In the next years, about the half of the bank shops will be closed, banking expert Hans-Gert Penzel predicts.

Massive Change in Banking Landscape / Picture: © Vindobona.org

The banking sector is confronted with a number of challenges. First, the operating frame conditions become more and more difficult. In general, the next years will be characterized by growing costs, job cuts, low interest margins and a decline in lending. Due to the capital requirements, banks are forced to cut costs radically and to build up capital and reduce…