20080922 "investment Banks" are extinct. The last two dinosaurs of the investment bank secotr in the US, Goldman Sachs and Morgan Stanley are now given Bank Holding company status by the Fed. 3 went defunct, Merrill Lynch, bear Sterns and Lehman Brothers. Wow, what a two weeks. The bottom line is greed brought about by bad management form these ivy league MBA types.
Malaysia as usual still has the Investment bank category of Financial Institutions, OSK, Alliance, Hwang DBS etc. How far behind the curve can Malaysia be?
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