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Banks in a 'Massive Period of Retrenchment': Expert

Thu 20 Sep 12 | 11:00 AM ET
David Enrich, reporter at the Wall Street Journal and Simon Maughan, financials sector strategist at Olivetree Financial Group, tell CNBC why more investment banks will follow (Bank of America, Deutsche Bank and Nomura) making cuts and why investment banks are not set up to give clients what they want.
 
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