RUSSIAN OFFICIALS ARE nothing if not optimistic. Take this choice assessment of the prospects for the Russian investment banking industry from finance minister Alexei Kudrin. In early October, in an interview with Russian business daily Vedomosti, he charted the development in the relative fortunes of US and Russian investment banks in the following terms: “Five leading US investment banks are no longer what they used to be. Bear Stearns was sold, Lehman Brothers went bankrupt.
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