The Rising Titans of a New World Banking Order
Monday, October 20th, 2008 - by Terry MelansonPatrice Rassou - 16 October 2008
A NEW world banking order is taking shape. Many proud, independent financial institutions with century-old legacies are being bought out. With a crisis made in the US and with its roots in Wall Street, the standalone investment banking model seems dead. Only Goldman Sachs and Morgan Stanley are likely to survive, but not before engineering some form of tie-up with a commercial bank.
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