Profits of doom
An analyst at JP Morgan has predicted recent changes to derivatives regulations could drastically cut return on equity at investment banks. Will banks look to exit certain business lines with less attractive risk-adjusted returns as a result? Duncan Wood reports
If you believe the breatharians - an understandably marginalised spiritual group - it's perfectly possible for humans to live without eating or drinking. Air and light alone, with its diet of ‘cosmic particles', is enough for us to thrive. For some, these teachings have proven fatally difficult to follow, but banks are now about to attempt something similar. New regulations look set to starve the industry of the risk-taking capacity and profitability that supported its robust growth in the pre
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