Chinese Wall or not, investment research produced by i-banks can never be truly independent,...

|By:, SA News Editor
Chinese Wall or not, investment research produced by i-banks can never be truly independent, argues Scott Collins. His reasons: research is a cost center that needs to be paid for through banking and trading revenue; banking activities influence which stocks an analyst covers; and analysts often get paid for "vetting" the financials and operations of companies the banking division is working with.