Survey reveals biggest drop in fees and commission in six years
The Confederation of British Industry and consultants PricewaterhouseCoopers' latest quarterly finan...
The Confederation of British Industry and consultants PricewaterhouseCoopers' latest quarterly financial services survey has revealed the largest fall in average fees and broker commission since December 1998.
Its findings reflected a continuing decline in profits and a lower-than-expected increase in business volumes during the last three months of 2004. Profits are expected to be eroded further during the next three months.
The report found further deterioration in business confidence among
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