Are Wall Street's Best Days Over?
In the wake of last year’s bank failures, a giant chunk of the Wall Street pie was left for grabs. But with so many banks scrambling for a piece of it, will most shareholders end up with crumbs?
That’s the growing concern among investors as banks around the world do anything and everything in an attempt to grab market share surrendered by Lehman, Bear Stearns and other now defunct financial firms.
The big worry is that margins are being squeezed – and as a result profits will never be what they were. (CNBC's Fast Money)
Posted on March 19, 2010
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