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For now, the banking industry remains traumatized by the crisis of nearly a decade ago.
Citigroup, Barclays, Credit Suisse, Deutsche Bank, HSBC, UBS and Morgan Stanley are all in retreat.
Although your annual obligatory and sarcastic “ take” on Patrick’s day is wearing thin.
Still, I find myself routinely quoting the WSJ as a source (as it is reliable) or saying, “I saw that story or I read about this story in the journal” and I am usually the “first to know”.
And, of late, a public vessel, dirtied by political feeling about everything from inequality to race to Congress to the U. And the 1990s-era idea of the “global” bank has largely withered under these conditions.
In a series of stories over the coming week, The Wall Street Journal will explore the simple, if beguiling, conundrum about banks today: What are they now? On Wall Street, bond traders are an endangered species.