Abigail with attitude
This was the summer when many of the chickens that the Abigail with attitude column has been husbanding came home to roost.
The firm might be stuck in the middle with nowhere to go: it is neither a global, bulge-bracket player nor a focused, low-cost, niche operator.
The received wisdom is that if Morgan Stanley gets into too much trouble, Mitsubishi will step in to save it. Will that still be the case now that Nomura’s grandiose international project has ended with a whimper?
As a Brit and career retail banker with a long and successful history at Barclays, Antony Jenkins may be seen in some quarters as the perfect successor to Bob Diamond as chief executive. For one market commentator in particular however, Jenkins is an unknown quantity whose suitability is questionable.
Increasingly, I am noticing that while bank chief executives have to be seen in public, heads of investment banks are trying to keep a very low profile.