Can you explain why many of the forces you named in the answer to the previous question have led to significant problems for the management of banks and other financial firms and for their stockholders?
Answer to relevant QuestionsWhat do you think the financial-services industry will look like 20 years from now? What are the implications of your projections for its management today?Leading money center banks in the United States have accelerated their investment banking activities all over the globe in recent years, purchasing corporate debt securities and stock from their business customers and ...What is the Glass-Steagall Act, and why was it important in banking history? Explain how the FACT, Check 21, 2005 Bankruptcy, Financial Services Regulatory Relief, and Federal Deposit Insurance Reform Acts are likely to affect the revenues and costs of financial firms and their services to customers.What key areas or functions of a bank or other financial firm are regulated today?
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