{"id":59189,"date":"2016-12-13T02:05:00","date_gmt":"2016-12-13T01:05:00","guid":{"rendered":"http:\/\/beta.next-finance.net\/news\/cost-cutting-european-banks-fail-to-see-efficiency-gains\/"},"modified":"2019-12-31T01:21:20","modified_gmt":"2019-12-31T00:21:20","slug":"cost-cutting-european-banks-fail-to-see-efficiency-gains","status":"publish","type":"post","link":"http:\/\/beta.next-finance.net\/en\/news\/cost-cutting-european-banks-fail-to-see-efficiency-gains\/","title":{"rendered":"Cost-cutting European Banks Fail to See Efficiency Gains"},"content":{"rendered":"<p>Persistently low interest rates and poor economic growth are serving to constrain income, while investments in compliance and other back-office roles and charges to resolve historical allegations of misconduct have helped offset cost-cutting efforts including branch closures, sweeping layoffs and pushing customers to digital options.<\/p>\n<p>Across a sample of 15 of Europe&#8217;s largest banks by total assets, third-quarter cost-to-income ratios declined year over year at just six, according to S&#038;P Global Market Intelligence data. Relative to the second quarter, 10 of the 15 saw cost-to-income ratios grow.<\/p>\n<p><a href=\"http:\/\/www.next-finance.net\/http:\/\/beta.next-finance.net\/wp-content\/uploads\/2016\/12\/aggregate_costs.jpg\"><img loading=\"lazy\" class=\" aligncenter size-full wp-image-59185\" src=\"IMG\/jpg\/aggregate_costs.jpg\" alt=\"aggregate_costs.jpg\" align=\"center\" width=\"548\" height=\"422\" \/><\/a><\/p>\n<p><a href=\"http:\/\/www.next-finance.net\/http:\/\/beta.next-finance.net\/wp-content\/uploads\/2016\/12\/cost-to-income_ratios.jpg\"><img loading=\"lazy\" class=\" aligncenter size-full wp-image-59187\" src=\"IMG\/jpg\/cost-to-income_ratios.jpg\" alt=\"cost-to-income_ratios.jpg\" align=\"center\" width=\"556\" height=\"396\" \/><\/a><div id='gallery-1' class='gallery galleryid-59189 gallery-columns-3 gallery-size-herald-lay-c1'><figure class='gallery-item'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a class=\"herald-popup\" href='http:\/\/beta.next-finance.net\/wp-content\/uploads\/2016\/12\/aggregate_costs.jpg'><img width=\"470\" height=\"313\" src=\"http:\/\/beta.next-finance.net\/wp-content\/uploads\/2016\/12\/aggregate_costs-470x313.jpg\" class=\"attachment-herald-lay-c1 size-herald-lay-c1\" alt=\"\" loading=\"lazy\" srcset=\"http:\/\/beta.next-finance.net\/wp-content\/uploads\/2016\/12\/aggregate_costs-470x313.jpg 470w, http:\/\/beta.next-finance.net\/wp-content\/uploads\/2016\/12\/aggregate_costs-300x200.jpg 300w, http:\/\/beta.next-finance.net\/wp-content\/uploads\/2016\/12\/aggregate_costs-414x276.jpg 414w, http:\/\/beta.next-finance.net\/wp-content\/uploads\/2016\/12\/aggregate_costs-130x86.jpg 130w, http:\/\/beta.next-finance.net\/wp-content\/uploads\/2016\/12\/aggregate_costs-187x124.jpg 187w\" sizes=\"(max-width: 470px) 100vw, 470px\" \/><\/a>\n\t\t\t<\/div><\/figure><figure class='gallery-item'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a class=\"herald-popup\" href='http:\/\/beta.next-finance.net\/wp-content\/uploads\/2016\/12\/cost-to-income_ratios.jpg'><img width=\"470\" height=\"313\" src=\"http:\/\/beta.next-finance.net\/wp-content\/uploads\/2016\/12\/cost-to-income_ratios-470x313.jpg\" class=\"attachment-herald-lay-c1 size-herald-lay-c1\" alt=\"\" loading=\"lazy\" srcset=\"http:\/\/beta.next-finance.net\/wp-content\/uploads\/2016\/12\/cost-to-income_ratios-470x313.jpg 470w, http:\/\/beta.next-finance.net\/wp-content\/uploads\/2016\/12\/cost-to-income_ratios-300x200.jpg 300w, http:\/\/beta.next-finance.net\/wp-content\/uploads\/2016\/12\/cost-to-income_ratios-414x276.jpg 414w, http:\/\/beta.next-finance.net\/wp-content\/uploads\/2016\/12\/cost-to-income_ratios-130x86.jpg 130w, http:\/\/beta.next-finance.net\/wp-content\/uploads\/2016\/12\/cost-to-income_ratios-187x124.jpg 187w\" sizes=\"(max-width: 470px) 100vw, 470px\" \/><\/a>\n\t\t\t<\/div><\/figure>\n\t\t<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>In spite of the sustained effort European banks are making to reduce costs, their key measure of efficiency has continued to worsen since the global financial crisis, S&#038;P Global Market Intelligence data shows.<\/p>\n","protected":false},"author":20,"featured_media":59185,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1470],"tags":[1671,1651,1437,2082],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/59189"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=59189"}],"version-history":[{"count":1,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/59189\/revisions"}],"predecessor-version":[{"id":59190,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/59189\/revisions\/59190"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/59185"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=59189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=59189"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=59189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}