Walter Sinn and Dr. Wilhelm Schmundt: Germany's banks 2016

German banks are way behind their international counterparts in terms of growth and profitability. The average return on equity in 2015 was 2.3 percent, only 0.2 percentage points above the average for the previous year. In the video, Walter Sinn and Dr. Wilhelm Schmundt discuss the results of the Bain Brief Germany’s banks 2016 and explain why measures such as radical cost reductions, rapid consolidation and a realignment of business models are long overdue.