Private banking CEO roundtable participants
PdW, Deutsche The resolution for the euro sovereign debt crisis will take us well into 2012, if not 2013, so markets will remain volatile. Therefore investment advice to clients will need to be fairly cautious. Underlying wealth will continue to grow, but we expect to see greater competition in the private banking industry as banks focus on less capital-consuming businesses.
TK, Barclays We expect an increasingly competitive market as banks realize this is a capital-efficient business to be in.
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