Ask almost any bank about their international ambitions in recent years and you would get the same response: We’re not looking to expand for expansion’s sake, but we will go with our clients where they want us to go with them.
But is that still really the case? Pressured by costs, falling revenues and regulation, many banks are starting to ask the question: If we expand our geographic footprint to support our clients, are we going to generate enough revenue to make the costs and the risks worthwhile?
Then there are the challenges facing the few banks left with truly global ambitions.
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