If you read through the foreword to Rosenbaum's Investment Banking Valuation text, it talks about the need to return to the basics of the business in valuations after what happened in 2008. Online, so many firms list specific tools of their knowledge platform that can give a client the best advisory for a potential transaction.
What I want to know, especially from some of the senior, more experienced members of the community, what are some examples that today's world of high finance is different post-crisis?
Compliance.
It would seem as though Wall Street has changed beyond just more supervisory people.
No one draws any relationships to the low interest rates, strong job growth and solid economic gains, but in banking it's the opposite with sluggish profits and job declines or reverses. So, seems like Wall Street has had to pay for the crisis in some ways.
A top banker said he was making great money theough the crisis. It was after that he said he saw declines in every year since.
What happened is the government got involved in the private sector and ruined it, as they always do. Of course, this was all for "the greater good".
What does compliance and the government have to do with competition and valuation?
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