A new round of cost cutting in European banks after the crisis

Giancarlo Durante and Luigi Prosperetti
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Giancarlo Durante: ABI
Luigi Prosperetti: Università di Milano

BANCARIA, 2011, vol. 02, 14-19

Abstract: The effects of the crisis and the consequent economic policies have accelerated the actions of large European banks to reduce operating and labour costs, in particular concerning the branch network, back-office and other nonproductive processes. In this context, remuneration policies are characterized by great prudence and hours’ flexibility is a competitive tool of particular importance.

Keywords: crisi finanziaria; banche; gestione del personale; razionalizzazione dei costi (search for similar items in EconPapers)
JEL-codes: G01 G21 M51 (search for similar items in EconPapers)
Date: 2011
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