Since this boom in investment banking is expected to fizzle, investors ask what the likely state of bad debts may be.

鉴有预测投行繁荣行将终结，投资者们发问，坏账能糟糕到什么境地。

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Investment banking is bad because it leads you to believe that everything can be reduced to cells on a spreadsheet and that companies should be built for Wall Street, not customers.

投资银行的坏处是让你迷信电子表格至高无上；公司是为华尔街而非客户而建。

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On the back of these bad Numbers, Brady Dougan, the boss of Credit Suisse, on November 1st announced a shift in its investment-banking strategy.

鉴于这些糟糕的数据，瑞士信贷首席执行官杜德恒于11月1号宣布转变投资银行业战略。

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But he said he was against one of the key issues the ICB is examining - that of splitting a bank's retail operations from its investment arm - saying that a lot of the banking sector's problems were caused by simple bad investment decisions.

BBC: Richard Lambert

The takeover, as well as the bank's "aggressive expansion" into investment banking, was singled out by the FSA as a bad call.

BBC: RBS logo

Instead of trying to expand into investment banking, a business with juicy margins in good times but horrible losses in bad, Erste Bank has instead concentrated on expanding its retail banking business into central and eastern Europe, where it has subsidiaries stretching from Austria to Ukraine.

ECONOMIST: Face value