Survey Finds 20 Per Cent Loss In Profits Expected By Dealers When Euro Arrives

BANKS

In a study released last month, Austria-based international treasury training consultancy Finance Trainer found that dealers expect a 20 per cent loss in profits from customer dealing when the euro is introduced and a consequent 20 per cent reduction in staff.

The study, which was presented by Dr Hannes Enthofer of Finance Trainer at Euro Forex '97 in Vienna, was based on responses from 217 delegates from 33 countries who participated in a survey sent to out before the conference.

Although cu

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