Pro bono banking: The rise of risk solutions groups
Working for nothing may not seem a sustainable business in the post-crisis banking landscape, but so-called solutions groups say they are able to pay their way – it just requires a bit of patience. Lukas Becker reports
With bank chief executives increasingly axe-happy, and higher capital requirements making it harder to generate the double-digit returns on equity investors have been promised, many dealers are – apparently perversely – offering to work for nothing. So-called solutions groups say they will happily spend months analysing client exposures, throwing a variety of highly paid staff at whatever problem
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