Welcome to the rat race

摘要

What a week it's been. The rather shocking departure of Anshu Jain and Juergen Fitschen from Deutsche Bank definitely won out in the "wow" stakes. And, although it didn't quite match the Deutsche drama, HSBC's barrage of announcements - topped by the massive 31% cut in RWAs forced on the global banking and markets division and product cuts across the board - was also up there.