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- Mar 2, 2004
I just like reading about people doing great things...
Anyway, I asked because I was a bit shocked, given your obvious credential(s).
Is your situation isolated or is it part of larger trend? I know banking hasn't been what it used to be.
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Larger trend, most banks trimming/changing focus.
We made a lot of money from our lev fin business and when the debt market slowed, so did we; we were not really winning mandates on capital light revenue opportunities (equity/m&a). I think there may be a rough cycle coming soon.