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Explain What Happened to the Large, Free-Standing Investment Banks as a Result

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Essay

Explain what happened to the large, free-standing investment banks as a result of the 2007-2009 financial crisis.


Definitions:

Telecommuting

The practice of working from a remote location outside of a central office, typically from home, enabled by digital communication tools.

Assignments Electronically

Refers to the distribution and submission of work or tasks through digital means, such as email or online platforms.

Scanlon Plan

A gain-sharing program that rewards employees for incremental improvements in productivity and cost savings.

Cost Savings

The action of reducing expenses and improving efficiency in operations, often through methods such as budget cuts, restructuring, or investing in technology.

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