Societe Generale's Cost Cuts as a European Bank Blueprint

The video discusses the performance of European banks, highlighting their focus on retail over investment banking. It notes the rarity of profit rises among these banks and the prevalent theme of cost-cutting, especially in investment banks, due to revenue drops. The discussion also touches on the Anglo-Saxon influence, suggesting a shift towards austerity as a response to financial challenges.

What challenges are European banks facing as indicated by the performance of the four banks mentioned?

In what ways might the European banks become more efficient according to the discussion?