Major Banks Analysis
PwC analysis of the major banks results for the 2011 full year
Welcome to Major Banks Perspectives November 2011 - our analysis of the major banks’ full year results.
In our view, the majors remain resilient despite ongoing global volatility and anaemic credit growth, delivering a record underlying cash profit of $24.4 billion for FY11.
The current economic environment, domestically and overseas, and regulatory reform, are shaping the go-forward strategy at both the revenue and cost lines.
Also, as a result of Basel III and Over-the-Counter (OTC) derivative reform, we are starting to see more tangible signs of product and pricing changes being made by the banks. We explore these themes in some detail in this report.
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Major Banks Analysis [PDF 948 KB].
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