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
176
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.
Which of the following would be the best title for the text?
选项
A、Chronic disease dogged the banking industry
B、CEOs with little will or skill in strategy
C、Europe’s banks need new chiefs
D、Boards need to introduce fresh blood
答案
C
解析
本文主要探讨了欧洲银行发展缺少领导者的问题。首段描述现象:欧洲银行第四季度财报公布,营收喜人,但多年来的问题依然存在:利润太低,回报太少。第二段指出现有银行经理人在战略思考方面缺乏意愿和技能,只能寻求新人解决问题。接下来,第三、四段说明了招募新人的困难。最后在第五、六段说明希望仍然存在,但董事会也需要更新思想。选项[C]“欧洲的银行需要新的领头人”符合整体文意,故为正确答案。
转载请注明原文地址:https://kaotiyun.com/show/WrMD777K
0
考研英语一
相关试题推荐
Thebiggestsuccessofthefossilfuelindustry’sdecades-longcampaigntopushdoubtaboutclimatescienceisthatitforcedth
Scientistssentpatternsofelectricitycoursingacrosspeople’sbrains,coaxingtheirbrainstoseelettersthatweren’tthere.
TheInternetaffordsanonymitytoitsusers,ablessingtoprivacyandfreedomofspeech.Butthatveryanonymityisalsobehind
Happypeopleworkdifferently.They’remoreproductive,morecreative,andwillingtotakegreaterrisks.Andnewresearchsugge
WhydopeoplereadnegativeInternetcommentsanddootherthingsthatwillobviouslybepainful?Becausehumanshaveaninheren
Doesthelanguagewespeakdeterminehowhealthyandrichwewillbe?NewresearchbyKeithChenofYaleBusinessSchoolsuggest
Doesthelanguagewespeakdeterminehowhealthyandrichwewillbe?NewresearchbyKeithChenofYaleBusinessSchoolsuggest
SupposeyouwereinvitedbyProfessorWilliamtoworkasanassistantinhisnewprogram,butyouarefullyoccupiedwritingap
A)AskingforparentalinvolvementB)SettingupsmallgroupsC)MakingclassroomeventspredictableD)Extendin
________heoftenforgottheirweddinganniversarygreatlyannoyedhiswife.
随机试题
会议记录的要求不包括()。
男性,香港人,12岁,突起高热入院,偶有干咳,全身肌肉酸痛,恶心、腹痛。体温39.2℃,肺部可闻及干性啰音。外周血淋巴细胞略降低,影像学可见肺部实变体征。经对症支持、抗病毒治疗后体温下降。从呼吸道分泌物中分离到H5N1亚型流感病毒。患者最可能的诊断是
A、腹痛之湿热壅滞B、腹痛之肝郁气滞C、腹痛之饮食积滞D、腹痛之气滞血瘀患者脘腹胀满,疼痛拒按,痛而欲泻,泻后痛减,嗳腐吞酸,厌食,舌苔厚腻,脉滑。宜诊断为()。
甲公司经过商讨决定购买乙公司股票,有关业务如下:(1)2013年5月20日,甲公司以银行存款300万元(其中包含乙公司已宣告但尚未发放的现金股利6万元),从二级市场购入乙公司10万股普通股股票,另支付相关交易费用1.8万元。甲公司将该股票投资划分为可供出
如图2所示,玻璃管内封闭了一段气体,气柱长度为l,管内外水银面高度差为h,若温度保持不变,把玻璃管稍向上提起一段距离,则()。
【2017下】陶行知先生指出“先生的责任不在教,而在教学,而在教学生学”“教的法子必须根据学的法子”,故而将“教授法”改为“教学法”。这一改动所体现的教学理念是()。
Cryingandwakingupinthemiddleofnightareroutineduringanynewborn’sfirstfewmonths.Butifthosecryingepisodescont
十进制数121转换成无符号二进制整数是_______。
A、Yes.Here’sthechange.B、It’sraining.C、No,thankyou.D、Yes,Iam.C本题考查对Therebe句型的一般疑问句的回答。对此类问题的回答,一般先用Yes或No作判断性回答,然后再根
Educationinmostofthedevelopingworldisshocking.HalfofchildreninSouthAsiaandathirdofthoseinAfricawhocomplet
最新回复
(
0
)