For centuries, scientists and philosophers attempted to turn cheap base metals into the precious gold and silver used as ancient coinage. Now, bankers are endeavouring to achieve a Wall Street equivalent.
Known as “collateral transformation”, this new business is emerging as a rare bright spot in the banking industry. On Wall Street, where new regulations and competitive pressures have hurt profits, there are hopes it will boost bank earnings.
Yet collateral transformation – which involves turning relatively risky assets into ostensibly safer ones – is already capturing the attention of regulators.
您已閱讀6%（603字），剩余94%（9864字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。