Changing of the guard

Banks begin great financial retrenchment
Raiffeisen stresses commitment to CEE

While no big US or European bank has emerged unscathed from the financial crisis clearly some are in better shape than others. For those that have eschewed capital support from their government or are well placed to relieve themselves of it soon there are plenty of opportunities to take advantage of the misery of weaker rivals

In the capital markets business for example, Ivor Dunbar, co-head of global capital markets at Deutsche Bank, says: “It’s a really good opportunity for the top tier firms to take greater market share.