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Investment Banking Not Dead, Just Resting
On Friday, on the firm's Q3 conference call, Morgan Stanley's James Gorman described himself as "pre
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IB is definitely tired and shagged out following a prolonged squawk. Most likely pining for the fjords. Lovely plumage though.
H-Man, it is not a deal environment and IB will continue to suffer. Right now the restructuring teams are making the money.