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Banking’s next top model The scramble for capital |
BANK STOCKS ARE flying, investors are bullish and financial regulators are wary of rocking the boat. It’s hard to believe that it is only a year since the collapse of Lehman Brothers brought the global financial system to its knees and governments were forced to use taxpayers’ money to prop up some of the world’s largest institutions. A so far moderate regulatory response has suited investors, who have been enjoying the benefits of the startling rally in banking stocks.
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