'A real shock': Banks are tightening their belts quicker than expected

Last year was a busy, chaotic one on Wall Street. Mergers, acquisitions and new stock listings were going a mile a minute, underpinned by a generally jolly mood. The economy was bouncing back. Vaccines dimmed the risks posed by Covid. Money was essentially free to borrow. There was a war for talent among banks. Champagne for all!

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Aug 6, 2022 - 08:30
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'A real shock': Banks are tightening their belts quicker than expected
Last year was a busy, chaotic one on Wall Street. Mergers, acquisitions and new stock listings were going a mile a minute, underpinned by a generally jolly mood. The economy was bouncing back. Vaccines dimmed the risks posed by Covid. Money was essentially free to borrow. There was a war for talent among banks. Champagne for all!
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