Giant investment banks shift to safer strategies

10/5/2010 | Wall Street Journal, The

Major investment banks in Europe and the U.S. are reacting to tougher regulatory requirements by shifting away from risky strategies and toward safer practices. Switzerland's largest banks are facing a requirement to increase their capital cushion held against risky assets by a bigger margin than that outlined in Basel III. Other countries might follow Switzerland's lead, analysts said, putting even more pressure on banks to rein in risk-taking.

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