From great to good

摘要

Funding markets are damaged. Borrowers have to recover from the biggest credit bubble in history. Bankers' reputations are mud. Regulators are not just reading riot acts, they are rewriting them. Yet many industry executives are surprisingly bouncy about the future. Investment bankers in particular have been sounding brighter, thanks to a healthy start to the year. Are banks in denial or do they have genuine cause for optimism?