LONDON -- Up to 250,000 jobs-some 10% of the work force-could be lost in European banking over the next five to seven years, according to a survey by Andersen Worldwide Organization.

Following an analysis of 400 replies from banks and capital markets organizations in 21 European countries polled during 1992 and 1993, Andersen also predicts that the banks of the future will include retailers, manufacturers, and finance houses.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.