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"Banks are restructuring either as a condition of public ownership or to address strategic imbalances, for example cutting back operations in non-core markets."


Rush to sell non-core assets risks flooding the market

Sharlene Goff
Financial Times
14 March 2011 

PA’s Daniel Meere, a financial services expert, has been quoted in the Financial Times Business Turnrounds special report. Daniel comments on the increasingly aggressive approach banks are starting to take to restructure their business in the face of constrained profitability.

Daniel explains that the banks’ restructuring efforts fall into two categories: “First, those imposed by regulators or as a condition of public ownership, for example off loading branches or specific business units. Second, those that address strategic imbalances, for example cutting back operations in non-core markets.”

The latter is largely in response to increased pressure on profitability.

You can read the article in full here.

For more information on PA’s financial services, please click here.

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