Deloitte comments on the Q4 reporting period for banks
18 January 2017
David Myers, head of capital markets, Deloitte UK, said:
“These results are a welcome respite for investors given the pressure that bank returns on equity have been under and higher post-crisis regulatory capital requirements. They represent progress on both revenue and costs. However, bankers cannot rely on volatile revenues to deliver consistently higher returns. They will be looking to fintech innovations, such as blockchain, to strip out more costs in 2017 and beyond.”
Notes to editors
In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms.
Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities. Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms.
The information contained in this press release is correct at the time of going to press.
Member of Deloitte Touche Tohmatsu Limited.