Europe's Banks Vow Deeper Cuts as Cost Ratios Remain High: Chart

Even after eliminating more than 180,000 positions last year, Europe’s banks are still spending too big a slice of their revenue. Deutsche Bank AG Chief Financial Officer Marcus Schenck warned Thursday he’ll have to deepen cost cuts if market activity stays at low levels, joining a chorus of bank executives at firms including Barclays Plc and Lloyds Banking Group Plc that have promised more reductions.

Before it's here, it's on the Bloomberg Terminal.