Banks have been severely affected by the credit crisis and market turmoil, as well as exposure to bad debts. “While challenging markets continued to impact our results this quarter, we saw improved performance across most of our businesses during the past three months,” John Mack, its chief executive, said. “The firm delivered strong results in investment banking, commodities, interest rates and credit products as well as solid performance in global wealth management.” ?EUR??,,????'??? Courtesy of BBC News