Obviously, the current era of investment banking is over. The largest
players are either gone from the scene or morphing into holding banking
companies. Macquarie in Australia is selling investment banking
business as the cost of borrowing rises.
At the same time the U.S. Congress is getting closer to a deal for
bail-out. The new era is to begin. It will probably be highly regulated
and the U.S. government will be the key player. They own the largest
insurance business and a stake of other large financial institutions.
Hopefully, everything will be a bit better and safer for a common man.
players are either gone from the scene or morphing into holding banking
companies. Macquarie in Australia is selling investment banking
business as the cost of borrowing rises.
At the same time the U.S. Congress is getting closer to a deal for
bail-out. The new era is to begin. It will probably be highly regulated
and the U.S. government will be the key player. They own the largest
insurance business and a stake of other large financial institutions.
Hopefully, everything will be a bit better and safer for a common man.
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