Investment bankers used to be known as masters of the universe, but while they span from deal to deal, and client to client, other hands were shaping the cosmos. Secretive strategic investing teams sank the banks' money into companies such as AcadiaSoft, Markit, SwapClear and Tradeweb, enabling them to influence the speed and direction of change in the markets where they made a fat slice of their revenues.
No longer. Innovation is now driven by a fast-expanding galaxy of fintech firms, and banks
The week on Risk.net, July 7-13, 2018Receive this by email