The trader's lament
Article Abstract:
Major investment banks are cutting back on proprietary trading, and investment banks are generally seeking to reduce their risk levels. There is some concern that problems could arise as a result of the year 2000 computer transition problem. Investment banks have been affected by other factors, such as heavy losses reported by banks, and technological change. The banks could face problems when bull markets end, and they may decide to take risks as their asset-management revenues drop, in order to provide an income for employees.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
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Against the tide
Article Abstract:
A group of European investment banks is expanding and seeking to take on US competition. This has helped employees in the industry who had been hit by the Asian financial crisis. Banks involved in expansion include Commerzbank, West LB and Rabobank. Previous attempts by European banks to expand in this area have not been successful, and it is not clear that the new wave will have any success either. Their plans were developed at the end of a bull market and may later seem less attractive.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1998
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Beware the cyber-regulator: finance on the Internet
Article Abstract:
Many stock brokers and other financial services firms are internationally marketing their services on the Internet, only to find that regulations in various countries may inhibit their expansion. E*TRADE Group, for example, has discovered that the UK may require physical offices to be located in the country.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1997
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