12.03.2013 - Has the commodities bubble burst at investment banks?
Investment banks are notorious for their "boom-bust" approach to business, riding cyclical profit opportunities to the hilt until the opportunity dwindles and they are forced to retrench. If commodities markets continue to normalize and volatility remains muted, we could see another wave of savage job cuts at the investment banks. With big finance firms still trading at deep discounts to their historic norms, investors everywhere are wondering if this is the new normal or if finance stocks are a screaming buy today...............................................Full Article: Source
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