Investment banking has been a golden age, but now the bursting of the debt bubble came and this slump may last. Firms don't want to lose their talents but banks prefer chooping people instead of cutting pay. If there is economic growth, investment banking should also pick up, but this time it could be different because the economics of the business have substantially weakened. There also can be positive effects, if borrowers move into bond markets, this would boost debt-origination business for some investment banks.
(the economist)
Lise Keirens
has been: has seen?
BeantwoordenVerwijderenbut now the debt bubble has burst
what slump? Be more explicit.
Link between 1st and 2nd stce is not clear.
chooping?
Split final stce up.
Overall not coherent.
L 0, F 0, C 0