They're clearly providing a service and a marketing function to the investment-banking side of the business, ... You're not going to win a lot of business by saying 'When you come out, I'm going to take a swat at you and make you look like garbage.'
Quotes about investment-banking (5 Quotes)
The modern investment-banking landscape is rife with the potential for conflicts of interest. We'll clearly develop new standards over the next few years as to what constitutes improper conflicts of interest. This investment may provide a nice case study for that scrutiny.
They really have built a very impressive investment-banking capability. They won't always be No.1, but they clearly have been effective in merging their investment and commercial banks.
Mitsubishi UFJ is aware it lacks investment-banking scale and is trying hard to grow. If this doesn't meet expectations, I would not be surprised if they decided to go down the acquisition trail.
I look at my forecast and, frankly, I was off by 180 million on their investment-banking side. MA did extremely well.