'A flight to simplicity' (FT.com via Yahoo! News)
Story date: 2007-10-21 09:30:13
Added on: 2007-10-21 11:42:12
In the roll call of disappointing earnings and business writedowns from investment banks lies a grim common refrain - the once glittering and somewhat mysterious world of structured finance is in trouble. The financial losses and many cuts to staff at banks such as UBS (NYSE:UBS), Citigroup (NYSE:C) and Merrill Lynch are centred in that new industry, which has led a recent boom in banking ...
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