Banks' results weakened especially in the United States : mixed results in Europe
Alhonsuo, Sampo (28.04.2008)
JulkaisusarjaBank of Finland. Financial Market Report
Julkaisun pysyvä osoite onhttps://urn.fi/URN:NBN:fi:bof-201408074843
Banking sector results for the fourth quarter of 2007 weakened in the United States and Europe, due mainly to losses linked to the subprime crisis and, particularly in the United States, banks' deteriorated operating environment. In 2008, the importance of cost control as a means of maintaining profitability will be underlined.