Richard Nesbitt: end is nigh for Goldman and Morgan Stanley

1 response

  1. Jevon says:

    So, basically, he is saying that investment banking isn’t an actual business, and it needs a daddy (retail) to turn to when it screws up?

    I would ditch the entire iBanking side, square up the retail and watch the market cap soar. You could get a chairman who knows the business well, and wouldn’t have to wear a retail shirt and ibanking underwear.

    Then, when I was back to drowning in my own profits, I would act more like a pension fund, or buy a country,. who knows.

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