Snakes and Ladders Investment Banking on the Brink

For decades, investment bankers have held the key to untold riches -- but now they're being laid off by the tens of thousands. As the crisis forces the industry to search for a new identity, is it ready to mend its ways?
The financial district in London: Will tough times be enough to transform an industry?

The financial district in London: Will tough times be enough to transform an industry?

Foto: JERRY LAMPEN/ REUTERS
Translated from the German by Christopher Sultan
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