The Profitability and Usefulness of the Banking Industry

The transcript discusses the challenges and strategies in investment banking, focusing on profitability, regulatory issues, and the impact of quantitative easing. It highlights the need for profitable banks to support economic growth and the uncertainty faced by banks due to regulatory agendas. The discussion also covers the potential effects of credit supply changes and corporate issuance, emphasizing the cautious approach of boardrooms in capital expansion. The role of central banks and the effectiveness of quantitative easing in different economies are also examined.

What does the speaker suggest about the future of corporate issuance?

What is the speaker's perspective on the effectiveness of quantitative easing (QE)?