PARIS: United States consulting firm McKinsey said on Monday that a third of big global banks may not survive a major financial shock, with those in western Europe and Asia most at risk.

The study by McKinsey looked at 1,000 banks in developed and emerging countries and found that just over a third of them had made a return on capital of just 1.6 percent over the past three years.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details