This blog is mainly a personal storage site for articles and papers that interest me. They will mainly be about financial markets, current policy issues and articles that relate to these topics.
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Tuesday, March 17, 2009
The future of investment banks
Another idea suggesting that banks move back to partnerships.
This might include a return to the private partnership model for investment banks. Partners would have a strong incentive to deter short-termist behaviour, and would be much more able to get their way than indirect shareholders.
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