经济学人下载:图表看雷曼尽五年变迁

Finance and economics
财经商业

Five years after Lehman
图表看雷曼尽五年变迁

The world of banking has changed dramatically, if not radically, in the five years since September 15th 2008, the day Lehman Brothers went bust.
2008年9月15日，雷曼兄弟宣布破产。此后5年时间里，银行业即便不说是彻底改变了，也确实是发生了巨大的变化。

American and European banks used to dominate the list of the world's biggest banks; the Chinese have since scaled the charts.
欧美银行曾经牢牢统治着“世界最大银行排行榜”，但从那以后，中国的各大银行逐渐爬上榜单。

The balance-sheets of Europe's behemoths have got quite a bit smaller;
欧洲银行巨头们的财务状况表缩水了不少；

consolidation has made America's giants bigger than ever.
而各类合并倒是使美国的主要银行愈加庞大。

Western banks are generating much lower returns on equity than they did in the years before the crisis, in part because the industry is being forced to fund itself with higher levels of equity than in the past.
西方各银行的股本回报率比起金融危机前要低得多，部分原因是在过去，银行需要高水平的股权来支持自己的财政。

So cost-cutting is much more important than it was: compensation ratios at investment banks have fallen.
因而现在进行消减开支比起以前要重要得多：投资银行的补偿金比率已经下降。

But those who want a complete reshaping of finance can still argue that change has not gone far enough:
但是那些盼望金融界完全改头换面的人依然可以反驳说这种变化程度不深：

more people work in finance in London in 2013 than did in December 2007.
2013年伦敦的金融行业从业人数比起2007年12月份反而更多。