10 percent of private banks did not survive 2015. KPMG’s joint study with the University of St. Gallen finds that many banks’ efforts to adapt their business and operating models to the new environment have proven insufficient. Despite trying to turn around their performances, many banks face a stark reality - they can’t survive.
Annual reports need to provide more in-depth strategy discussion, backed by relevant operational KPIs so that investors can take a longer-term view of corporate health and performance – according to KPMG's second annual Global Survey of Business Reporting.
In today’s complex global economy, what do CEOs expect from their CFOs? The answer: strategic partners. KPMG surveyed over 500 executives across the globe to explore the CFO through a CEO lens.