Banks not able to pick up slack from non-bank sources of financing
Regulators propose changes in three main areas
Changes will make it easier for issuers and insiders to understand their obligations, regulators say
New timeline unveiled
New deadline is Feb. 16
Revenue slides 30% as investors stay on the sidelines
Senior executives to take pay cut
Knowles and Lee have more than 30 years of financial services industry experience
Lower activity in capital markets, private client services
Revenue drops 34%