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He said the investment banking environment was difficult and "could stay weak for a while".
Banking crises seem able to occur in just about any banking environment.
"The U.S. banking environment is to some extent different than the Canadian banking environment," Mr. Masrani said, adding that it demanded numerous, if small, adjustments to the bank's standard methods.
"What's more, you cannot have a banking environment that is risk free, gives high returns while being highly transparent.
The bank said revenue fell in nearly every business during its fiscal fourth quarter, underscoring how quickly the banking environment has deteriorated since the summer.
Mr. Diamond's failure to get the top spot may have less to do with him than with the current banking environment in Britain.
Similar(26)
On the front page of the Wall Street Journal earlier this month, they asked their Millennials to stay and promised that things will improve by offering clearer paths to promotions, experiences in different banking environments and mandating "No Work Saturdays".
It was a strategy that led other lawyers across the industry to snicker; they thought that Goldman was courting disaster by trying to win a battle of wills in today's anti-bank environment.
"Tamarisks... arguably have a crucial role in the functioning of the human-modified river-bank environment," Davis wrote.
The 8000 ha bank environment comprises a complex of riparian boundaries, intertidal marshes, mud and sand flats, eelgrass meadows, macroalgae and biofilms.
"Now while in the eye [of the hurricane] the bank environment seems tranquil, with the associated bank rallies, but there continues to be a host of naysayers worrying about the next round of credit destruction".
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