A leaner, meaner Wall Street

Wall Street's big banks are deleveraging and face similar cost cutting challenges to other industries – and for many players this is very hard to accept.


When Jamie Forese started out at Salomon Brothers in 1985, being an investment banker was not a guaranteed ticket to riches. "A career on Wall Street was considered a stable income, same as a lawyer, a doctor, an accountant,” he recalls.


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