Covid-19 trading boost mitigates pressures at big investment banks
The biggest investment banks are enjoying strong trading revenues from the market moves related to the coronavirus pandemic, alleviating a freeze in M&A and underwriting activity. The banks appear well-placed to deal with corporate drawdowns, although there is some debate around wider liquidity profiles.
Credit Suisse gave an insight into how investment banking performance has been affected by the turmoil on Thursday, with an ad-hoc trading announcement and a question-and-answer session at the Morgan Stanley European Financials Conference in London.The Swiss bank said that teams in its markets businesses ...
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