"The majority [of global banks] have done some tactical and convenient belt-tightening to take out costs, but without really fundamentally changing how they operate or their business model."

BCG's Aymen Saleh on how banks are responding to tougher regulations

"A handful of banks globally have really looked at structural change and taken a big cut from their cost base. The majority have done some tactical and convenient belt-tightening to take out costs, but without really fundamentally changing how they operate or their business model," explained BCG's Aymen Saleh to Reuters News, in an article on the current state of banks.

Reuters News