Top Section/Ad
Top Section/Ad
Most recent
The Swiss bank posted the biggest quarterly profit on record thanks to an accounting gain related to its acquisition of Credit Suisse, but weak performance at its former rival hints at a long road back to growth
Imminent half year results will reveal whether the new Swiss bank is a hastily patched monster or a new financial powerhouse
Banks are determined to stick to their growth plans as they see cause for optimism in investment banking thanks to increasing confidence and a growing pipeline of deals
Wall Street is urging the Fed to be cautious despite the regulator hinting higher capital requirements are coming
More articles/Ad
More articles/Ad
More articles
-
Goldman Sachs reported its best quarter in investment banking since 2007, with net revenues of $1.78bn, up 13% on the year, while dodging the worst of the FICC downturn which has hit some of its peer group. Goldman reported FICC revenues down 11% on the year to $2.85bn, against declines of 21% at JP Morgan and Credit Suisse, 18% at Citi, and 15% at Bank of America Merrill Lynch.
-
Morgan Stanley recorded a $200m year-on-year net revenue rise in its fixed income and commodities business in the first quarter, bucking the declining trend seen in its peer group. -
The first wave of the big investment banks reported first quarter numbers this week, showing that the promised dive in fixed income trading revenues was no idle warning, writes Owen Sanderson. JP Morgan, Citigroup, Bank of America Merrill Lynch and Credit Suisse all reported first quarter FICC or fixed income numbers down between 15% and 21%, as trading volumes and volatility slumped.
-
Bank of America Merrill Lynch reported a 15% year-on-year drop in FICC revenues for the first quarter, once the results of a big writedown last year are stripped out.
-
Credit Suisse announced first quarter results on Wednesday, with a painful opening quarter in fixed income lending credence to calls from analysts to rethink its FICC business.
-
Citigroup reported better than expected profit on Monday, despite a pre-flagged plunge in fixed income trading revenues, which were down 18% on the year.
