Comment & Analysis
After a strong 2021, European private banking faces headwinds
Western Europe’s private banks posted near-record profits last year, thanks to a high-performing market, but operational improvements stalled. Assets under management (AUM) at private banks in Western Europe grew 12 percent in 2021, propelling profits nearly to an all-time high. On the surface, that is positive news, but a closer…
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Click here to read the full story: McKinsey & Company