Vasco Moreno
Vasco Moreno
business less mix profitable today
The business is less profitable today than it used to be and the mix has deteriorated.
investment produce seen
After what we've seen from the U.S. investment banks, expectations are pretty high. If they don't produce the results, then that could be a problem.
ahead banks flush move reason
I think consolidation will move ahead and the first reason is that banks are flush with capital.
banking encouraged money net private results
The results are very strong. We are particularly encouraged by the private banking results and especially by the net new money inflow, which was very strong.
deals hopefully managers market occur prevail proposed
Me-too deals will occur or at least be proposed but hopefully the market will prevail and tell managers such deals won't be executed.