Sentence examples for client businesses from inspiring English sources
Instead, this person said, the decision is a reflection of JPMorgan's emphasis on its client businesses rather than making investments off the firm's balance sheet.
Mr. Peek ran the firm's asset management, clearing and high-net-worth client businesses, but times were tough at the bank.
About Goldman Sachs's present-day business practices, one "private equity investor" says this: "They view information gathered from their client businesses as free for them to trade on... it's as simple as that.
While this would not quite mean a return in America to the separation of commercial banking and investment banking that ended with the repeal of the Glass-Steagall act in 1999, it would strongly encourage the investment-banking arms of universal banks to focus on client businesses, such as merger advice, rather than trading.
It may even raise the industry's earnings multiple above the paltry ten or so that has been the norm on account of "black box" risks, thinks Roy Smith of the Stern School of Business.As it becomes harder for investment banks to finance their own inventory of assets, some will refocus on client businesses, such as merger advice and securities underwriting.
More marginal firms, including Nomura (which bought bits of Lehman Brothers), seem to struggle to make decent returns in any conditions.Huw van Steenis, an analyst at Morgan Stanley, says that since investment banks are now relying more on client businesses and less on trading on their own account, revenues have become more volatile.
Another thing, which is important, is that 80 percent of our business is repeat client business.
But Getco has been building out its client business in the last few years.
Mr. Johansson said his goal was to focus "single-mindedly" on growing the client business.
The firm's global private client business posted its best results in 14 quarters.
He joined Morgan Stanley less than four years ago, from Merrill Lynch, where he ran the global private client business.
