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The “rogue trader” Nick Leeson has claimed that Mike Ashley’s legal battle against Morgan Stanley exposes what could be the worst “risk management breakdown” since he triggered the collapse of Barings Bank. ....
Global capital markets deal volumes have fallen not just from their pandemic highs but also from the start of 2019. Undaunted, bankers remain upbeat about prospects. While aggregate activity is down, the detailed picture is certainly more nuanced. ....