After posting a record loss, Crédit Agricole continues to shrink and search for a strategy, while JP Morgan, the combative crisis winner, is plotting a path to dominance. As David Rothnie writes, the contrast between the two ends of the investment banking spectrum could not be more stark.
If ever there was a strident example of the polarisation of the banking industry since the financial crisis triggered in 2007 by strife in the US subprime mortgage sector, it was the contrasting management presentations in the last week of Crédit Agricole and JP Morgan. While the
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