Cost reduction and structural adjustment in European banks

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

BANCARIA, 2013, vol. 02, 17-25

Abstract: In 2012, European banks have implemented sharp cost reductions strategies and introduced profound changes, influencing personnel policies and wages. Italian banks are facing a difficult challenge and are taking actions to pursue significant levels of profitability and giving a contribution to recovery, thus creating concrete employment and development opportunities

JEL-codes: G01 G21 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ban:bancar:v:2:y:2013:m:february:p:17-25

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