banker

He enlisted a banker to draw up papers for the deal, promised him a 6% cut, and told them he had connections inside a European stock exchange who could arrange the transaction.

Stanley Fischer, the late MIT economist and distinguished central banker, was fond of saying that where one stood on an issue depended very much on where one sat.

Meanwhile, investors are cheering the progress Jefferies has made in investment banking, following a push in recent years to lure the best bankers to the firm and win work on bigger deals and IPOs.

Nearly all of the changes are tied to what Goldman bankers say is a surge in borrowing needs from governments and companies.

Remarks from central bankers this week reiterated more rate cuts are coming, and futures markets have priced in 50 basis points of rate reductions this year.