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World Business Report: First broadcast 17/02/2020 15:32 GMT: Is there a future in traditional banking?

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Is there a future in traditional banking?

First broadcast 17/02/2020 15:32 GMT

First broadcast 17/02/2020 15:32 GMT: Is there a future in traditional banking?

BBC World Service - World Business Report, Is there a future in traditional banking?

Banks in Europe are struggling to catch up with more profitable competitors in Asia.

Banking union members are worried about Tuesday's earnings announcement from HSBC, where 10,000 more posts are threatened on top of existing redundancies. Under strong pressure from their investors, banks in Europe are struggling to catch up with more profitable competitors in Asia. So we ask, what is the future for traditional banking? Two weeks of debate in France's national assembly begin today, to try and push through the much-protested pension reform. But with 41,000 amendments to get through, will it ever happen? A question for Katherine Norris-Trent of France 24. "Blue collar" and "white collar" is how manual labourers and office workers, respectively, have been described since the 1920s and 30s. But what impact has this had on today's jobs market? Our workplace commentator Patricia Vincent explains. 

(Photo: a woman at an ATM. Credit: Getty Images.)

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First broadcast 17/02/2020 15:32 GMT: Is there a future in traditional banking?

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