Europe's financial services sector must reinvent itself in order to survive disruption and remain competitive, according to a new joint report from PwC Luxembourg and development agency Luxembourg for Finance.
The report published Monday urges Europe's banks and wealth managers, along with payment service providers and insurers, to proactively embrace "Amazonization" and the shift in power to consumers driven by online platforms.
Tier one capital is a core measure of a bank's financial strength, from a regulator's perspective. It refers to the bank's "core capital" which is comprised of equity capital, held in common stocks, and disclosed reserves. Bank of America Merrill Lynch is one example of a Wall Street competitor seeking to achieve this monopoly. In October 2018, the megabank introduced abetween retail banking and investment management brokerage capabilities.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Amazon and Roku are bringing their streaming rivalry to EuropeAmazon's Fire TV and Roku are expanding into key European markets like the U.K. and Germany.
Consulte Mais informação »
Ford makes big electric push in Europe with new launchesFord Motor Co said on Tuesday it would launch eight electric vehicles in Europe ...
Consulte Mais informação »
A $100 billion tech company you've never heard of just listed in EuropeProsus, a spinoff of South African consumer internet group Naspers valued at $100 billion, listed on the Amsterdam Euronext exchange Wednesday.
Consulte Mais informação »
Europe looks on with dismay as Brexit disarray deepensEuropean governments look on helplessly as Brexit chaos deepens
Consulte Mais informação »
'A storm is coming' - One migrant family's bid to reach EuropeWith migrants only allowed one backpack each on the smugglers' boats that c...
Consulte Mais informação »