Global banks could boost their valuations by a combined $7 trillion in the next five years if they take major steps to promote growth and boost productivity, the Boston Consulting Group said in a report on Monday. Lenders could roughly double their current valuations if they pursue growth and improved price-to-book ratios despite obstacles, the consultant said. “The largest driver of pessimism about the banking sector has been the significant drop in profitability,” BGC said.
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