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But they also have a distorting effect on asset markets.
What about central banks' influence on asset prices?
UBS is focusing on asset management, an historic strength.
Local government funding halved, leaving councils to rely on asset sales and incomes from business rates.
A third area of focus needs to be on asset and wealth management.
Morgan Stanley and UBS, for example, have slashed trading to concentrate on asset management.
(Proprietary trading is jargon for speculation – betting on asset prices going up and down).
In America investors pay a tiny fee on asset transactions to cover regulatory costs.
A Sears spokeswoman said, "The domestic credit agreement contains customary limitations on asset sales".
The company took exceptional charges of $5.8bn related to impairments, restructuring costs and losses on asset sales.
And the company cannot escape capital gains tax on asset sales until it has been tax-exempt for 10 years.
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