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A new round of cost cutting in European banks after the crisis

Author

Listed:
  • Giancarlo Durante

    (ABI)

  • Luigi Prosperetti

    (Università di Milano)

Abstract

The effects of the crisis and the consequent economic policies have accelerated the actions of large European banks to reduce operating and labour costs, in particular concerning the branch network, back-office and other nonproductive processes. In this context, remuneration policies are characterized by great prudence and hours’ flexibility is a competitive tool of particular importance.

Suggested Citation

  • Giancarlo Durante & Luigi Prosperetti, 2011. "A new round of cost cutting in European banks after the crisis," BANCARIA, Bancaria Editrice, vol. 2, pages 14-19, February.
    • Handle: RePEc:ban:bancar:v:02:y:2011:m:february:p:14-19
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    File URL: http://www.bancariaeditrice.it/prodotti/vedi/prodotto/id/2454/bancaria-n-2-2011
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    More about this item

    Keywords

    crisi finanziaria; banche; gestione del personale; razionalizzazione dei costi;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • M51 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Firm Employment Decisions; Promotions

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