Financial Services Industry Faces Long Convalescence

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					Financial Services Industry Faces Long Convalescence
Anita Hawser
Global Finance; Mar 2010; 24, 3; Docstoc
pg. 10




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Description: As banks enter the convalescence phase after what some describe as the financial equivalent of a major medical trauma, there may be a need for further medicine to ensure a full and stable financial and economic recovery. While they may be out of the trauma room, their full recovery hinges on a number of factors. The Oliver Wyman Group's 13th annual State of the Financial Services Industry report warned of the risk from withdrawing fiscal stimuli too soon. The unfolding and rapidly evolving regulatory environment also creates all uncertain future for banks.
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