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No End in Sight for European Banks' Expense Cuts as Income Downturns

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No End in Sight for European Banks'

Posted on June 22, 2010 in: Admin

Record-low rate of interest and wild market swings are wearing down revenue at Europe's banks, without any end in sight. From UBS Group AG's wealth-management system to Commerzbank AG's consumer-lending business, income is shrinking as margins get squeezed and customers prAdmin trading. Executives at the banks, 2 of Europe's biggest, alerted not to expect an improvement quickly. Commerzbank and UBS validated structural difficulties at European banks with producing profits when rate of interest are at record lows, stated Mario Spreafico, who supervises 1.5 billion Euros ($ 1.7 billion) as chief investment officer at Schroders Wealth Management Italy. Banks can only look for to improve their revenues through aggressive cost cutting. I just found a great list of francepropertymagazine here www.francepropertymagazine.com .


With Hong Kong's dai pai dongs al fresco food stalls all however driven from the city by inheritance restrictions, the government is attempting to replace them with food trucks, the brainchild of Financial Secretary John Tsang. Over the weekend, in an effort to jumpstart the phenomenon, the Food Truck Hong Kong Festival required to the streets in Central District PMQ, an innovative hub for regional design talent and cultural occasions. Dai pai dongs had been a favorite for office workers and tourists for generations until the federal government chose they were unclean. Critics think eliminating them is an unneeded act by a relentlessly nanny government out to take the fun out of life. A bloody clash in Mong Kok in between police and suppliers previously this year confirmed the federal government's adamant position, and ended in exactly what has become called the Fish Ball Riot as unlicensed hawkers assailed cops with stones and other ammo. When it comes to the handful of itinerant hawkers who continue to be certified, their permits were released at least 40 years back and can just be passed to family members.


Property need from program exhibitors and financiers has actually not been negatively impacted following the Paris horror attacks; in fact, it has risen in a program of support from Britons. That s the view of organizers of leading way of life and leisure occasion, The France Show, in London, that includes the French Property Exhibition that provides the UK s largest option of French real estate and has been expanded this year. The program, at London Olympia, from Friday 29 January-Sunday 31 January, is set to include at least 160 exhibitors and there are just a couple of stands still readily available, Debbie Macleod, Portfolio Director of show organizer and publisher, Archant, informs OPP. Today.