Paradise postponed: banks take stock after bleak first half
Six months into 2008, and the problems facing the investment banking world look as difficult to overcome as ever. Financial News returns to the biggest themes we identified at the start of the year and asks what progress, if any, has been made on resolving them?
Of all the problems posed by the credit crisis, few are as intractable as liquidity.
As 2008 dawned, the optimists were hoping that by the end of the year there would be a meaningful improvement in bank attitudes towards lending to each other, transactions that had soured with the onset of the credit crisis.
