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
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Long-term causes of the financial crisis? »Long-term causes of the financial crisis?
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Unintended consequences of earlier public policy choices »Unintended consequences of earlier public policy choices
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Investment banks incentivised to move into riskier activities »Investment banks incentivised to move into riskier activities
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How were investment banks incentivised to increase risk? »How were investment banks incentivised to increase risk?
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Deregulation of stockbroker commissions in 1970s »Deregulation of stockbroker commissions in 1970s
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Competition brought thinner margins
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