michael147
Member
- Joined
- Apr 20, 2012
- Member Type
- Interested in Language
- Native Language
- Chinese
- Home Country
- China
- Current Location
- China
The advantages of scale are already evident in the growing dominance of the biggest banks. Concentration on the debt side of the business is increasing even more rapidly than in equities. Mr Spick reckons that within three years the five biggest banks will control more than 55% of total revenue, up from less than a third in 2008. “Trading is becoming a game of attrition as weaker players shrink capacity,” says Mr Hintz. “Decisions to call it quits appear to be accelerating.” Most banks are being forced to cut back and shut businesses in those areas where they do not have scale. That is offering ample opportunity for the biggest banks to grow bigger still.
Should it be "the scale of advantages"? Thank you for your help.
Should it be "the scale of advantages"? Thank you for your help.