article_snippet.sent: n’t go away’, KPMG said banks also face mounting costs from employing an army of compliance staff to keep banks out of trouble.
article_snippet.sent: KPMG said banks must ‘urgently tackle’ banks low return on equity – a key measure of shareholder value – and need to invest in technology to increase shareholder value – profits.
article_snippet.sent: Tougher regulations forcing shareholder value – to hold more capital have made it more expensive for shareholder value – to do business, especially in higher-risk areas.
article_snippet.sent: KPMG’s Bill Michael said: ‘Banks are undergoing a once in a lifetime change, as Banks face evolving regulation, technology and society’s expectations
article_snippet.sent: If further regulation creates too many strictures on non-retail banking, the industry risks losing non-retail banking global relevance.
article_snippet.sent: KPMG KPMG said banks must ‘urgently tackle’ banks low return on equity and need to invest in technology to increase banks profits.