第1个回答 2013-09-07
Alan "Ace" Greenberg chose his nickname to improve his chances with girls at the University of Missouri. But it is an apt____ of his trading skills on Wall Street. This week, as the 73-year-old ___ down ____ chairman of Bear Steams, the investment bank where he has worked since 1949 is in a high It ____ an increase in post-tax profits in the second quarter of 43% on a year earlier. ____a time when many of its Wall Street rivals have ____ . On June 26ht Merrill Lynch ____ a warning that its profits in the second quarter would fall by half. far ____ of expectations. Goldman Sachs and Morgan Stanley have also reported lower profits.
Strange that this surprised. ____ Alan Greenspan's frenetic cuts ____ interest rates. times are good for underwriters and traders of bonds, core activities for Bear Steams and Lehman Brothers. ____also recorded a sharp increase in profits. It has been a terrible ____for equity underwriters and for advisers on the small amounts of mergers and acquisitions (M&A) this year.
Merrill. Goldman and Morgan Stanley are three of the investment banks that gained ____ during the boom in equity and M&A business ,and they now ____ the most. Of the three. Merrill is weakest in bonds. It cut ____ its fixed-income activities after the collapse of Long-Term Capital management(LTCM) in 1998. As it happens. both Bear Steams and Lehman have long been criticised for their weakness in equities.
Mr Greenberg is famous for worrying about even the price of a paper-clip at Bear Steams. This used to seem terribly ____, but these days other Wall Street firms are ____ about costs. Lay-offs are ____though not yet alarmingly-not least, because banks saw how Merrill Lynch lost ____ when the markets rebounded quickly after the LTCM crisis. Still, if few ____ of improvement show soon. expect real blood-letting on Wall Street.本回答被网友采纳