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Unravelling the enigma behind HSBC’s profits

The bank is curiously shy about disclosing the profitability of its divisions. My latest column for Financial News works out how profitable each business is and where HSBC makes its money. When HSBC...

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The changing face of the investment banking industry

A unique analysis of the impact of the financial crisis on investment banks – comparing last year’s performance with 2006 – reveals an industry that is smaller, more concentrated, and much less...

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Investment banks: the winners and losers from the financial crisis

When it comes to navigating the financial crisis, not all investment banks are equal – and some are a lot less equal than others. My latest column for Financial News based on a unique analysis of the...

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Those incredible shrinking investment banks…

The biggest investment banks have gone on a crash diet over the past five years and shed a lot more in assets than you might think. My latest column for Financial News It is something approaching an...

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