New Business Models in Investment Banking and Private Wealth Management

Just a few days ago, a friend and me were having a discussion about Investment Banking, Occupy Wall Street and if the banking model was efficient, adequate and deserving of the criticism or alternately, of the high salaries and bonuses.

In my opinion (as a pure capitalist – I went to Business School) is that Investment Banking was not an efficient business model and the high compensation for executives was a result of that. My friend believed the contrary and said that banks provided services that deserved the high salaries because of the nature of the work and the value provided by the banker to the shareholders of firms.

I read this blogpost today and thought that I should share it.

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