At long last, investment bankers are bowing to the inevitable. Four years after the crisis, the industry is undergoing a much-needed transformation, as banks exit businesses they simply cannot make a return on. Bank chiefs are struggling to adapt to the new rules of the game. It should lead to an era of greater specialization and further consolidation.
You must be a trialist or subscriber to view the full article.
Please log in or see below to Subscribe or take a Free Trial Logged in and seeing this message? Your access may have lapsed. Visit 'My account' for information.
FREE 30 DAY ACCESS
Online access to Euromoney.com, including daily coverage of the global financial markets