And if it is true in service industries such as investment banking or legal advice, the lower costs are clearly not passed on to customers.
如果它同样适用于例如投资银行或法律咨询等服务行业，那么客户显然没有因为降低的成本而得到任何优惠。
2
Investment banking was no longer just about broking (conducting transactions in return for commissions) or giving advice; it was about using the Banks' balance-sheets to help clients or manage risks.
The investment bank will focus on the things that its mid-market German clients want, such as foreign-exchange products, debt-raising or mergers and acquisitions advice.