Cost of Operations and Compliance Signals Merger of Banks !

As the cost of operations and compliance keep heading North Banks across the world will have to merge to optimize operational and compliance cost.
We will see a momentum in mergers of even large banks who will be force to come together to beat operational and compliance cost.
What does this mean for bankers, for one the reduction of jobs will be the first of these optimization initiatives, but more importantly Banks will  work towards bringing in outsourced services in-house to help retain their employees.
There will be blood on the Streets and Bankers will have a rocky year but merged banks means fewer Banks for customers to choose.

Banks of Different Shades Will be Forced to Merge !

The Customer will be affected when banks become larger and lose the personal touch which customers enjoy today , customers in the digital world are already transaction driven and do not bother about the human interface in banking anymore.
Unfortunately digital adoption in retail banking has been slow and hence the customer on the street will be stressed with dealing with the new avatars of the Banks.
Wholesale banking will expand as the financial portfolio increases with larger volume of funds to be managed in the merged Banks.
The writing on the wall is clear for Banks across the world, Merge of Perish & Merger of Banks will be the manna for Investment Bankers and Corporate lawyers.
The only Banks exempt will be those who are owned and propped by Governments across the world, whether this model is sustainable is suspect as Central Banks strain to keep these poor performers alive with infusion of fresh capital.
But Banks who cannot merge may also be put down, which will be  a sad day for bankers and banks.
But in a regulated world where the cost of compliance impacts operations the writing on the wall is Loud and Clear for Banks across the World - Merge of Perish.