Has Wall Street Changed Since the Financial Crisis?

The video discusses the potential for liquidity issues on Wall Street, noting that while the business hasn't changed much, there is now greater scrutiny on capital and solvency. The Federal Reserve plays a key role in monitoring liquidity, and boards of directors have elevated risk management to unprecedented levels. The focus has shifted from deal-making to ensuring liquidity and solvency, a lesson learned from past financial crises like the collapse of Lehman Brothers.

What has remained largely unchanged on Wall Street despite increased scrutiny?

• The level of risk management

• The role of the Federal Reserve

• The number of investment banks

• The business environment

How has the Federal Reserve improved its oversight of investment banks?

• By reducing interest rates

• By focusing on liquidity

• By increasing the number of banks

• By merging banks

What significant change have boards of directors made in recent years?

• They have reduced the number of meetings

• They have increased salaries

• They have prioritized risk management

• They have focused more on marketing

What is considered more important than making deals or opening new branches?

• Technological advancements

• Employee satisfaction

• Liquidity and solvency

• Marketing strategies

Which company is mentioned as an example of a firm that did not survive the financial crisis?

• JP Morgan

• Goldman Sachs

• Morgan Stanley

• Lehman Brothers