Major banks are at risk of losing billions of dollars of fee-based retail revenue as they face increased regulatory pressure and growing competition from new entrants offering no-fee services, Accenture Plc (ACN.N) said on Wednesday. Revenues derived by banks across 12 markets globally through overdraft fees or other charges for services like cross-border payments and foreign transactions will erode on average by 5% over the next three to five years, it said in a study. The research is based on quantitative analysis of banks’ revenue pools in 12 countries, including the United States, United Kingdom, Australia and ... (full story)