Crisis kills off the IB generalist

07 Dec 2012

Investment banks have taken tough decisions in 2012 — cutting costs and withdrawing from unprofitable businesses. With more upheaval likely in 2013, senior bankers without product responsibilities are vulnerable, writes David Rothnie.

The year 2012 has been the one that saw investment banks face up to their demons and take action — cutting or closing businesses that had been patently sub-scale or loss-making for years.

Whether it was Royal Bank of Scotland pulling out of corporate finance, UniCredit seeking partners for ...

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