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“I would go as far as to say that we could end up with three main investment banks within 18 months. Those being JP Morgan Chase, Morgan Stanley & Goldman Sachs. Lehmans gone, UBS all but gone, Merrill selling major assets and almost gone and Citigroup disbanded and not what it is now. Overall the banks should revert back to core fee paying services such as M&A. We’ll see a very different kind of Wall St in less than two years. – Wednesday, 26th March 2008”
Paul Ramscar
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