题目内容
Theinvestmentbankshavedecidedtheformofsettlementforwrongdoings.
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MerrillLynchhasalreadypaid$1billioninasettlementtoavoidcourtaction.
Smartcustomershavetakenanalysts'reportswithapinchofsalt,payinglittleattentiontotheheadlinerecommendationtobuy,sellorhold.
Mergersandacquisitions(M&A)wasoncetheglamorouspinnacleofthe investment-bankingbusiness,butnowthevolumeisaboutone-thirdofwhatitwastwo yearsago.
Thebonuscalculationsforinvestmentbankerswereflawed,becausetheywere basedonastarsystem,appropriateforHollywoodandsportsmen,butnotforbankers.
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