- [Derivatives and business models- Turlakov](https://knowen-production.s3.amazonaws.com/uploads/attachment/file/988/MVA%2Band%2Bbusiness%2Bmodels%2B-%2BTurlakov.pdf)

- [Investment banking: stronger franchises emerge 10 years after crisis-FT](https://knowen-production.s3.amazonaws.com/uploads/attachment/file/2001/Investment%2Bbanking%2B-%2Bstronger%2Bfranchises%2Bemerge%2Bafter%2B10%2Byears%2B-%2Bin%2B2018.pdf)

The biggest banks are even more profitable now than they were in the mid-2000s, but
shareholders still face low returns on equity