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Stan O’Neal, Merrill Lynch’s chairman and chief executive |
As well as discussing the risks in the market, he outlined why the long-term prospects for investment banking are bright: how global capital flows are opening new markets and providing a new resilience to financial markets; and how the role of an investment bank as an intermediator of capital will grow in both developed and developing markets.
Everybody seems to be expecting a downturn in financial markets.
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