| Thomas Davis | ||||||
Severe downturns have a nasty tendency to lay bare investment banks’ shortcomings, and the tough environment of the past year has been no exception. It would be difficult to point to a firm that has not lead-managed its share of bad deals, has not seen its results falter or that has not had its share of personnel problems.
But one firm has suffered less – even though its second quarter financial results were certainly weak – and has also impressed with its innovation and smart strategy.
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