Time Change

For some time, I've wondered about the business model.
Investment banks have gone from capital raising to trading increasingly obscure instruments.

FT.com / In depth - Investment banks’ future questioned:

"Not surprisingly, the crisis has once again raised serious questions about the viability of investment banks that are not part of a larger institution.

“This is a tough time to be an investment bank,” a senior executive at a US commercial bank said on Monday. “Given the events of the past few months, it is difficult to argue that it is better to be monoline at anything, be it investment banking, credit cards or insurance.”

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