Banks that have downgraded client-directed credit research might well be short-sighted. Euromoney’s latest credit research poll indicates that some of the top-ranking banks have recognized this, taking a ‘third way’ that allies trading desk focused research with a sustained published research capability. Jethro Wookey looks at the trends behind the latest results.
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THESE ARE NOT the halcyon days of credit research. Many houses have downsized the importance of research as part of cost-cutting measures against a backdrop of a prolonged credit bull market.