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BCG sees banks return to profit

London: Global banking has returned to overall profitability, but it faces a new era of overarching regulation that will require banks to commit to full transparency, The Boston Consulting Group (BCG) says in a new report. For the first time since the beginning of the financial crisis in 2007, the banking industry has moved beyond recovery and regained overall profitability on a global scale, according to the BCG study "Global Risk 2014-2015: Building the Transparent Bank". But it finds sharp divergence in the performance of regional markets and in their ability to deal with the new regulatory era.

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