【出版时间及名称】：Outlook for Global Wholesale and Investment Banking
【作者】：Morgan Stanley
【文件格式】：PDF
【页数】：39
【目录或简介】：
Our argument in a nutshell 2010 will be a pivotal year for investment banks. With global securities markets undergoing profound cyclical andstructural change, the key question in the minds of investors and managements is how far regulation and the economy will challenge profitability and how the industry will be reshaped. Will the core of regulated banks disappoint, and non-banks and scale players seize a disproportionate share of industry profits? Who will be the winners and losers?
This Morgan Stanley-Oliver Wyman research project seeks to explore the outlook, range of outcomes and implications for the leading Wholesale and Investment banks, as well as the wider implications for exchanges, IDBs and asset managers. Although the industry conclusions are largely joint, any stock-specific or valuation considerations solely reflect the views of Morgan Stanley Research, not Oliver Wyman.