While the world’s wealth continues to rise, low interest rates and a challenging macroeconomic environment mean that revenues for those that manage it are under pressure.
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In a survey by Euromoney of more than 2,000 private bankers around the world, respondents say they are less bullish on revenues for 2017 than in previous years. Some 67% of bankers say they expect revenues to be higher than in 2016, down from the 73% expecting higher revenues last year and 78% expecting higher revenues in 2015.
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