Investment Banking 2008 – How Bad Was It?

Boston Consulting Group's Investment Banking and Capital Markets Market Report – Fourth Quarter 2008 is out.  While we can all imagine what it says, some of the graphics and analysis are stunning.  The quick, depressing  summary is this: for 2010, while revenues may recover, profitability will likely be far below the historical range.  These pictures are from page 6 of the study.