The dramatic events troubling Wall Street this week may have further damaged the industry's fragile confidence in the global financial system, but commentators believe this crisis could ultimately be positive for the re-structuring and long-term profitability of the banking sector.
Martin Kinsler, manager of the Henderson Horizon Global Financials fund, believes the coincidence of seeing both the demise of Lehman Brothers and the sale of Merrill Lynch on the same weekend will ensure...
‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected