Investment banks have experienced huge changes since the global financial crisis and are still struggling to adapt their business models. But while the industry might have to make do with much lower returns in future, it is far from being on its knees.
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Latest articles from US
Monetary policy: caught between price stability and financial stability
September 2, 2014The interest rate needed for low inflation and full employment is different from the interest rate needed for financial stability. How did this happen and what can be done about it?
Regulation gets real for virtual currencies
August 26, 2014Both the EU and New York are looking to bring digital currencies under a full regulatory regime, but their approaches are rather different.
New York is top US international finance centre for FDI
August 20, 2014New York leads the world’s international finance centres for inbound and outbound foreign direct investment into the financial services sector, but other US financial centres are also proving attractive destinations.
US sanctions are the start of a slippery slope
July 1, 2014The US sanctions regime will drive business into the shadows and accelerate the growth of alternative trading currencies.
Investors face fresh interest rate challenge
July 1, 2014Since interest rates dropped to record lows in both the US and UK, investors have been anticipating their rebound and picking their investments accordingly.
Community spirit keeps small US banks afloat
July 1, 2014New regulatory pressures and slow economic growth have been taking their toll on the US's small regional lenders, leading to worries that many of them will be squeezed out of the market. But results from the first quarter of 2014 show that these smaller players are actually performing better than the country's larger lenders.
Fannie Mae and Freddie Mac: here to stay?
June 2, 2014Since their federal takeover in 2008, the fate of US mortgage underwriters Fannie Mae and Freddie Mac has hung in the balance. Politicians have jostled back and forth on the issue of winding them down, but without any workable and politically agreeable way to fill the void they would leave in the US housing market, it seems that the two institutions may be here to stay.
An established team helps Morgan Stanley hunt for new opportunities
June 2, 2014John Moore, the head of Morgan Stanley’s Americas equity capital markets business, explains why identifying innovators is a key part of the job
Size matters in assessing systemic risk
May 27, 2014For years the conventional thinking was that economies where banking assets fell below the level of GDP were emerging whereas economies with banking assets two or three times the size of GDP were acknowledged as advanced. That was before the crisis.