For North American banks, the storm

For North American banks, the storm has passed, but they’re still taking on water. Five years after the global financial crisis, many banks have made significant strides to recover, but they are struggling to generate sustainable organic growth and return to pre-crisis profit levels. Gone are the 20 percent-plus rates of pre-tax return on equity (RoE). In the current environment, some are still straining to achieve profitability levels above their cost of capital. As a result, they cannot easily and consistently create shareholder value