13 December 2022
Why It Matters: Are banks struggling with low profitability, poor growth prospects?
2022 marked the biggest shift in global banking for over a decade. And according to McKinsey’s report on the future of the banking industry ‘Global Banking Annual Review (GBAR) 2022’ more than half of the world’s banks have continued to struggle with profitability and have a return on equity that is below their cost of capital.
Joydeep Sengupta, Senior Partner, McKinsey & Company shares more on why banks are facing such challenges and the opportunities present for the industry.

Download this podcast.

Listen to his previous podcasts:

10 January 2022
Bigger Picture: Banks need to brace for great divergence
Joydeep Sengupta, senior partner at McKinsey, explains how unlike the previous economic crisis, this time banks did not witness any abnormal losses, material capital calls, or “white knight” acquisitions. But the outlook for the industry remains clouded with half of banks not covering their cost of equity.

Download the podcast.