Cost reduction in the European Banking sector - Roland Berger

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Banking_cost_reduction_FINAL_270712.pptx 28 Which obstacles for change now ? "What makes us hesitate is not the difficulty of things, but things are difficult because we hesitate to tackle them" Senèque "Social cohesion is done at the expense of truth" Jeff Bezos, Amazon CEO
Banking_cost_reduction_FINAL_270712.pptx 29 Our advice for European banking executives as they are starting their cost transformation journey > In the midst of a crisis, doing nothing is the worst possible choice > If you are in a bad situation, the right decisions often make things worse before they get better > Navigating out of a crisis requires courageous, non-consensus leadership > Once you have addressed the issue, things invariably get better more quickly than you expect > If you prepare for the worst, surprises will generally be positive
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Page 3 and 4: Leveraging its industrial consultin
Page 5 and 6: Agenda Page 1 2 3 From cost adaptat
Page 7 and 8: Cost reduction is a key driver for
Page 9 and 10: Announced plans reflect a turnaroun
Page 11 and 12: … yet not all banks are equally p
Page 17 and 18: LEVERS New frontier: The quest for
Page 19 and 20: % of managers % of managers 2 STREA
Page 23 and 24: Starting point: significant hurdles
Page 25 and 26: Execution is king: The effective de
Page 27: A complex social equation BANKS WOR

Cost reduction in the European Banking sector - Roland Berger

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