Helsingin Sanomat writes in its editorial that the market leaders of money sales, i.e. banks, face tough cost competition from new and agile competitors. Now that the economic trend has taken a turn, European banks announce staff reductions. It is not just about making better profits through savings, but mainly it is about the entire financing business’ giant turning point due to changes in paying and competitive landscape. However bad it feels, the change will take place, whether you want it or not. The worst alternative is not to be prepared.
Media: Helsingin Sanomat
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