Credit markets: Life after the crunch

It’s a year since the credit crunch began and still there is no end in sight to the bloodletting. Alex Chambers looks at the prospects for bankers facing this unprecedented downturn as traditional alternative employment avenues, such as hedge funds, struggle to pick up the slack.

Sub-prime and leveraged loans
Follow the buildup to today’s subprime and leveraged loan problems.

Investment banking downturns are always quickly followed by cutbacks. Since the credit crunch started in August 2007, there have already been many redundancies and high-level departures. However, there are many more to come – apart from in the still rampant emerging market businesses. As predictions of the likely length of the financial crisis and the negative impact it will have on investment banking revenues increase, so bankers’ hopes for their own prospects correspondingly plummet.

Credit markets: Life after the crunch

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Credit markets: Life after the crunch

Thanks for your interest in Euromoney!To unlock this article:

Future capital markets infrastructure: Fungible, fractionalised and fused

Eastward bound: Why Gulf banks are tapping Asia’s capital markets

Islamic Finance Innovation 2025

Time to shine: Can Europe’s capital markets take centre stage?

Thanks for your interest in Euromoney!
To unlock this article: