Press Releases

" "

A New Year’s Resolution for Banks: Unlock $7 Trillion in Value

Bank Valuations Are a Serious Concern: 75% of Bank Equity Traded Below a Price-to-Book Ratio of 1.00 in 2022, and Current Levels Point to a Cautious Outlook among InvestorsBanks’ Share of Total Financial Assets Has Been Steadily Declining in Almost All Economies; Nonbanks Have Been Taking Share, Especially in Markets Where Many Banks Have Unsustainable Financial ReturnsBy Taking a New Approach, Banks Can Create at Least $7 Trillion in Value through Strategic Changes, Consolidation, New Partnerships, Simplified Operations, and Embracing Platform-Based OrganizationBanks Must Set a Bold Agenda—One That Promotes Growth, Dramatically Improves Productivity, and Attracts CapitalExecutive Teams Need to Step up and Embrace the Challenge and the Need for Radical ChangeGovernments and Regulators Both Have a Key Role in Establishing a Vibrant Banking Industry Without Compromising Systemic Stability With a Range of Complementary Measures Aimed at Enhancing Vitality of Banks in Their JurisdictionsBOSTON—Banks globally should make clear and forceful resolutions for the new year and work with stakeholders to fulfill essential goals: enabling economic growth and financing the climate transition. While banks are unlikely to return to the profitability levels and valuations that existed prior to the global financial crisis, they face a compelling case for change: to earn more than their cost of equity on a sustainable basis, increase valuations, and improve shareholder returns.

1PointFive and Boston Consulting Group Announce Strategic Agreement for Direct Air Capture Carbon Removal Credits

HOUSTON—1PointFive, a carbon capture, utilization, and sequestration (CCUS) company, and Boston Consulting Group (BCG), one of the world’s leading management consulting firms, today announced that BCG agreed to purchase 21,000 metric tons of carbon dioxide removal (CDR) credits from 1PointFive over three years. BCG is collaborating with 1PointFive through consulting services, including to develop business processes that support Direct Air Capture (DAC) CDR credits.