After a near-death experience, many of the world’s leading banks discovered in 2009 that there was life after the global financial crisis.
For the walking wounded – and there were plenty – the spellbinding returns of the credit bubble remained a distant memory. Their business was about survival. But for the stronger financial institutions – Goldman Sachs, JP Morgan, Deutsche Bank, and Barclays Capital – the level of revenues, profits and bonuses suggested it was back to business as usual.
