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ceymorebucks24 ceymorebucks24
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9 months ago
Which of the following represents the most significant reason for the collapse of the U.S.investment banksin 2008?


In the 1990s, most large U.S. investment banks were reorganized into public trading companies(or were acquired and then operated as subsidiaries of public companies).



In the 2000s, most investment banks started to generate most of their income from fees charged for underwriting,M&Aconsulting,asset management,and brokerage activities.



New regulations introduced in the 2000splaced morerestrictionsonthe operations of investment banks.



A relaxation ofregulations in the 2000s allowed investment banks to issue unprecedented amounts of debt to finance theiractivities.

Textbook 
 Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
Authors:
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benschmannbenschmann
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9 months ago
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