The revenue is not coming back: It’s time to manage costs differently

May 2012

Overview

The current economic environment in the United States and around the world is challenging for banks and business alike. Given the macroeconomic forecast, financial institutions can no longer grow their way out of their problems. Business areas that traditionally provided revenue growth for financial institutions are not growing sufficiently to overcome new capital and regulatory requirements, and activity levels of several major financial sector businesses are flat or declining.

Increased regulation and capital requirements along with limited revenue leverage will require business-model changes boost profitability. Leading institutions are implementing continuous expense management programs to extract value from business-model changes by focusing on efficiency through each key step in the budgeting and reporting systems.

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Financial Services: New Revenue Realities

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John Garvey
US Banking and Capital Markets Leader
Tel: +1 646 471 2422
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Robert Ross
Tel: +1 312 298 2042
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Takaaki Nakajima
Tel: +1 646 471 5657
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