首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
考研
European banks’ fourth-quarter earnings, releases of which are clustered around early February, have been surprisingly optimisti
European banks’ fourth-quarter earnings, releases of which are clustered around early February, have been surprisingly optimisti
admin
2022-11-01
67
问题
European banks’ fourth-quarter earnings, releases of which are clustered around early February, have been surprisingly optimistic. Yet the chronic illness that has dogged the industry for years remains. Interest rates are rock-bottom, compressing lending margins. Lenders must set aside lots of capital to reassure watchdogs, which depresses returns. And Europe has too many banks, which constrains scale and profits. UBS forecasts the European sector’s return on tangible equity (ROTE) will hit 8% by 2022—above last year’s 5.6%, but still below its cost of capital of 10%. Its price-to-book ratio hovers around 0.5, below its lowest point in 2009.
Much of that has been outside bosses’ control. The current bosses, drafted in to restore lenders to health in the 2010s, has also managed to lift core capital ratios. But reviving profits and valuations requires a strategic rethink that "wartime" CEOs have shown little will or skill for. A growing chorus of investors and board members want fresh faces to embrace the mission.
One problem is that the pool of candidates is drying up. When Mary-Caroline Tillman of Russell Reynolds Associates, a headhunter, worked on bank CEO searches ten years ago, her shortlists included 15-20 qualified candidates. Today she typically finds five or six. A lot of industry stars are now too old; a few others have lost their prime. Many suitable executives do not want the top job, which comes with more scrutiny from the press than elsewhere. It is also less richly rewarded. Last year James Gorman, who runs Morgan Stanley, an American bank, was paid $33m. ING faced public criticism in 2018 when it proposed raising its boss Ralph Hamers’s pay to €3m ($3.6m).
Recruiting outsiders is also hard. Aspiring CEOs must be closely examined by European regulators, implying a ton of banking experience, says Elena Carletti of Bocconi University, who also sits on UniCredit’s board. In America Wells Fargo is the only big bank subject to such rules. Language can create barriers, too. After falling out with Jean Pierre Mustier, its French boss who is due to step down in April, UniCredit’s board is said to have favoured Italian-speakers.
There is hope, however. Industry veterans praise a class of bankers climbing up the ranks. Headhunters, meanwhile, are considering bright executives in adjacent industries, such as payments or insurance.
Whether they make it to the top or not largely depends on banks’ boards, many of which pay lip service to transformation but choose boring candidates. That partly reflects their own conservative position. To cure ailing banks, boards too need new blood.
The reason for the shortage of CEO candidates is that__________.
选项
A、they are no longer stars in banking system
B、they are not willing to be the top performer
C、they only want to earn more for themselves
D、they don’t want to attract considerable criticism
答案
B
解析
由题干关键词the shortage of CEO candidates定位至第三段。第二、三句通过今昔对比,说明人才缺失。第四至六句解释原因。其中选项[B]“他们不愿意成为最高级别的管理者”与第五句Many suitable executives do not want the top job语意一致,故为正确答案。
转载请注明原文地址:https://kaotiyun.com/show/DrMD777K
0
考研英语一
相关试题推荐
Firstitwaspets,thenfish.Nowit’spoultryandpigs.The【C1】________ofanimalsallowedtofeedoninsectsisgrowing.Anew
AdecadeagobiologistsidentifiedaremoteprotectedareainnorthernLaos,calledNamEt-PhouLouey,asthecountry’sprobable
AdecadeagobiologistsidentifiedaremoteprotectedareainnorthernLaos,calledNamEt-PhouLouey,asthecountry’sprobable
Howseriouslyshouldparentstakekids’opinionswhensearchingforahome?Inchoosinganewhome,CamilleMcClain’skidsh
Inthenewsprintmarket,priceshaverisenbyover50%inamatterofmonths.Thecostofpaperthatfeedsintopressesaroundt
Onceusedlargelyinlawenforcement,bodyworncameras,orbodycams,havebecomederigueurforemployeeswhomeetthepublicat
Aprettypotplantmightmakeanunemotionalworkspacefeelmorepersonal.Butnewresearchhasrevealedthatofficeplantsdo
Aprettypotplantmightmakeanunemotionalworkspacefeelmorepersonal.Butnewresearchhasrevealedthatofficeplantsdo
YouwereinvitedtoagatheringinMary’shouse,butyouforgotitanddidn’tshowup.WriteanemailtoMarytomakeanapology
Whendopeopledecidewhetherornottheywanttobecomefriends?Duringtheirfirstfourminutestogether,accordingtoabook
随机试题
焊工在更换焊条时,可以赤手操作。()
氯霉素的不良反应中,哪种与抑制蛋白的合成有关
决定商业项目功能定位的主要因素是()。
为承办每年全省高校运动会,某高校新建一栋体育馆,由主体建筑和附属建筑两部分组成。主体建筑为比赛馆,附属建筑为训练馆,建筑高度为23m,总建筑面积为1.70万m2,采用框架及大跨度钢屋架结构体系,耐火等级二级。比赛馆为单层大空间建筑,可容纳观众席4446个,
下面是关于美国联邦储备委员会2003年降低美元利率的材料:美联储决策者今天把主要的美元利率降低了0,25个百分点,降至1%,为45年来最低的水平。这是为了避免出现通货紧缩而采取的防范措施。美联储主席格林斯潘及其同事把联邦基金的目标利率—
分布于不同地方的语言使用者,在长期的发展过程中,积累了生产生活的共同或独特的经验。这些经验或知识体系都凝聚在语言之中,而各个语言群体对自然界的认识分别在不同的方面达到了不同的深度,形成了认识结构的互补分布,共同构成了人类广博精深的知识体系。这段文字意在说明
设有变量sr=“2000年上半年全国计算机等级考试”,能够显示“2000年上半年计算机等级考试”的命令是______。
ModifyCommand命令建立的文件的默认扩展名是()。
在工作日而不是周末出行,会节省不少费用。(ratherthan)
Almost20,000whaleshavebeenslaughteredsincea【B1】______oncommercialwhalingwasintroducedin1986andthedeath【B2】______
最新回复
(
0
)