Monday, July 24, 2023

Investment banking shakeup

Here's today's Big Take.

July 24, 2023

Collage: Getty (4) 

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Turnover. High borrowing costs. A slump in deals. It's the new normal in investment banking. A slowdown in mergers and acquisitions and the collapse of Credit Suisse have sparked an epic turnover of senior managers across the industry, spanning trading and advisory services. 

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For years, park rangers in South Africa have tried to stop poachers who kill rhinos for their valuable horns. But it's impossible to keep up — and rhinoceros populations have continued to fall. Bloomberg Businessweek contributor Jonathan Franklin tells us about the rangers' new approach.

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