Wall Street Banks Put a Premium on Customer Research

The video discusses the overhaul in Wall Street research due to new rules requiring investors to pay for research. It examines the cost implications for major banks like JP Morgan, Citigroup, and Goldman Sachs, and the resulting reduction in research headcount since MiFID II. The video also highlights the shift of professionals to hedge funds and investor relations roles. Finally, it evaluates the effectiveness of MiFID II, noting criticism and the debate on whether it has improved trading and research quality.

What impact has the overhaul had on job movement within the finance industry?

What are the criticisms regarding the effectiveness of the new research methods?