Following the publication of the Fitch Ratings league table of the top 100 European banks in 2004 in terms of pre-tax return on equity (RoE, see IE8907), EUROPE is today publishing an analysis of their performance in terms of cost/income ratios. The league tables were published by French business paper Les Echos, dated 11/12 July 2005, based on Fitch Ratings. European banks in general had virtually record profits in 2004, through historically low risk costs and better cost management. The...