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Transaction bankingMarch 2 2001

Avoiding the fall-out

European and American banks will have to cut costs, deepen customer relationships and search for new opportunities in order to weather the US slowdown.

by Karina Robinson

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Conventional wisdom number one: the US slowdown will not develop into a recession; indeed economic activity will pick up by the second half of the year.

Conventional wisdom number two: there is no upside for banks in such an economic environment.

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