Competition brought thinner margins
The greater market competition resulted in thinner / less comfortable margins.
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The Global Financial Crisis »The Global Financial Crisis
Long-term causes of the financial crisis? »Long-term causes of the financial crisis?
Unintended consequences of earlier public policy choices »Unintended consequences of earlier public policy choices
Investment banks incentivised to move into riskier activities »Investment banks incentivised to move into riskier activities
How were investment banks incentivised to increase risk? »How were investment banks incentivised to increase risk?
Deregulation of stockbroker commissions in 1970s »Deregulation of stockbroker commissions in 1970s
Competition brought thinner margins
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