China Daily
BCG's Philippe Morel on how China's big banks and intense competition will affect investment banks in the region
BCG's Philippe Morel and Will Rhode discussed with China Daily how the intense competition and the presence of China's big banks will limit the potential windfall for investment banks in the region, and the percentage of financial start-ups targeting the investment banking sector. The article also referenced Global Capital Markets 2015: Adapting to Digital Advances; specifically, that investment banks' returns on equity—a key measure of the industry's profitability—will remain below 10% unless a major industry restructuring occurs.
