| Andrew Pisker | ||||||
Investment banks are struggling to reinvent themselves amid dire markets conditions.
One of the more eye-catching of a slew of such changes is the Dresdner Kleinwort Wasserstein decision to merge global debt and global equity into a single, global capital markets business.
Debt and equity are so fundamentally different that merging the two sounds distinctly odd. But the firm insists this is not mere cost-cutting dressed up. It’s cut plenty of costs anyway and has no need to disguise it.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
