Innovation should help to reduce costs with 10% p.a. coming years as well as increase revenues!
Chair of the Supervisory Board of the single supervisory mechanism Daniele Nouy attends a news conference at the European Central Bank (ECB) in Frankfurt on Oct. 26, 2014. Reuters Chair of the Supervisory Board of the single supervisory mechanism Daniele Nouy attends a news conference at the European Central Bank (ECB) in Frankfurt on Oct. 26, 2014. Reuters Previous1 of 2 Next (Reuters) - Euro zone banks that failed or barely passed this year's health checks will have to demonstrate they can make sustainable profits and may need to sell off loss-making units, the European Central Bank's top supervisor said. Daniele Nouy told Reuters on Friday that simply finding more capital to plug shortfalls uncovered by the stress test may not be enough.
http://www.ibtimes.com/ecbs-nouy-says-banks-must-show-they-can-make-profits-1730478