19.03.2009 - Gulf investment banks must adapt or die
From FT: Investment banking firms in the Middle East need to adapt, speedily, to the realities of the new world emerging from the economic crisis. Their business models, which are built on leverage, proprietary trading, and investing equity capital and borrowed money in illiquid assets, are not sustainable. They will not be able to generate the same high returns on equity as before. .... Full Article: Source