<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/19dc10c9-9723-4d34-ab9b-a12dddd4c0a4/F1F83ED0-8B6C-4B8B-835C-3E2DD9B0C66B/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://wallstreetsmarts.info/2009/10/investment-banking-and-the-future-of-wall-street/" href="http://wallstreetsmarts.info/2009/10/investment-banking-and-the-future-of-wall-street/" style="font-size: 11px;">wallstreetsmarts.info</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://wallstreetsmarts.info/2009/10/investment-banking-and-the-future-of-wall-street/"><P>Five major investment banks . . .and then there were none.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://wallstreetsmarts.info/2009/10/investment-banking-and-the-future-of-wall-street/"><P>The current economic meltdown has changed the face of Wall Street, possibly forever. For decades the energy in the market had been fueled by high-rolling investment bankers, but look what’s happened in the last eight months. Lehman Brothers went bankrupt. Bear Stearns was snapped up by JPMorgan Chase, Merrill Lynch got bought out by Bank of America, and Goldman Sachs and Morgan Stanley had to convert to bank holding companies just to stay in business.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://wallstreetsmarts.info/2009/10/investment-banking-and-the-future-of-wall-street/"><H1 class="entry-title"><A rel="bookmark" href="http://wallstreetsmarts.info/2009/10/investment-banking-and-the-future-of-wall-street/">Investment Banking and the Future of Wall Street</A></H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://wallstreetsmarts.info/2009/10/investment-banking-and-the-future-of-wall-street/"><P>At the beginning of this year, those five firms had a combined market value of around $250 billion with the top firm, Goldman Sachs, valued at nearly $90 billion. Now the top banks, which are comparatively small boutique firms—Raymond James, Jefferies & Co, Greenhill & Co, Keefe Bruyette & Woods and Piper Jaffray—have a combined market value of $12 billion, a number that has shrunk by a factor of 20.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/F1F83ED0-8B6C-4B8B-835C-3E2DD9B0C66B/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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