Why were U.S. investment banks allowed to operate at higher leverage ratios compared to commercial banks?

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An Introduction to Investment Banks, Hedge Funds, and Private Equity

ISBN: 978-9380931074

1st edition

Authors: David P. Stowell

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Question Posted: Sep 25, 2013 05:26 AM

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Why were U.S. investment banks allowed to operate at higher leverage ratios compared to commercial banks?

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This was firstly discussed by Lee A Pickard Director of the ...View the full answer

An Introduction to Investment Banks, Hedge Funds, and Private Equity

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