They're certainly giving risk takers better tools to do their job and feeding risk appetite. But there are huge risks out there they can't quite quantify. And these are the ones most likely to sink the ship. But their adventures in investment banking haven't been that brilliant either. By 2020, Jean-Baptiste had a bank in place that could slice risk as finely as the most delicate Parma ham.
Most Japanese banks are a sclerotic pile of vested interests and fossilized hierarchies.
Whenever they say they're going to change, it doesn't happen. The taming of Creditanstalt Bank Austria boss Gerhard Randa has given Creditanstalt a last chance to preserve its name at home and abroad. Few believe this is much more than a poisoned chalice. But perhaps it's the best solution in a Europe that's consolidating so fast. The tough route to quality Some banks in emerging markets seem to outshine their peers.