SPECIALIZATION BRINGS RISKS. The collapse in equity market values of banks around the world since 2007 and the disappearance of many players have vastly reduced the value of the raw material that brokers of financial stocks get paid to shift around.
George Cochran, chairman of Fox-Pitt Kelton Cochran Caronia Waller, a firm renowned for its research coverage of US and European financial stocks, agrees: "The snapshot photo is that the value of UK financial stocks, for example, is down 70% and several names have disappeared, so for a firm that gets paid a few...
Please log in now to view.
Enter your username (email address) and password at the top right-hand side of euromoney.com.
If you do not currently have access to this content, visit the subscription page or call our hotline on +44 (0)207 779 8999.
Subscribe online now and save up to 30%
If you are a trialist or subscriber, please enter your username and password at the top right-hand side of euromoney.com
Subscribers to Euromoney benefit from:
- 12 months access in print and online - on euromoney.com, read the latest issue early online, search for specific developments by region or sector, interrogate the results of Euromoney's benchmark polls, and view the archive dating back to 1996
- More than 30 specialist research guides free
- The results of Euromoney’s polls and surveys
- Tailored RSS news feeds direct to your desktop
- News delivered directly to your mobile device or PC
- Personalised email newsfeed of 'Top stories' and 'Breaking news'
Click here to subscribe