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Morgan Stanley has some answering to do
Morgan Stanley is set to make deep cuts to a key trading division — and investors are trying to figure out what's going on.News broke last week that the banking titan would cut its fixed income,...
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It is going to be even worse than we thought on Wall Street
Some of Wall Street's most senior bankers lined up last week to issue a grim forecast: Trading revenues in the last three months of the year would be down by double-digits.Those predictions are already...
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Goldman Sachs has a bull case for the business that's been wrecking Wall Street
Fixed income, currencies, and commodities trading businesses have been a horror show for Wall Street banks.Goldman Sachs, however, has stayed the course in the business, largely maintaining its...
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Wall Street had a disastrous year
The numbers are in, and it's official: Wall Street had a horrible 2015.Poor trading results and low client activity in the second half of the year led to an overall drop in revenues for Wall Street...
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'Friction' and 'awkwardness': Inside the 'culture shift' in Goldman Sachs'...
A culture shift is underway inside Goldman Sachs' sales and trading business, and it's causing a bit of tension within the firm.At a housing finance conference the firm hosted earlier this week,...
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Goldman Sachs just made another big change in its trading business
Goldman Sachs' cohead of global fixed income, currency, and commodities sales, Dalinc Ariburnu, is leaving the bank, according to an internal memo seen by Business Insider.Ariburnu, 46, "decided to...
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Investors are missing the big picture about Goldman Sachs
When most investors look at Goldman Sachs, they see it as a fixed income, currencies, and commodities (FICC) trading business — but they may be missing the bigger picture.That's according to UBS'...
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The business dragging Wall Street down may have finally hit rock bottom
Fixed-income trading has been the blight of Wall Street for years — but it may have finally hit a bottom.Five years of declining revenues in fixed-income trading culminated in a horrendous first...
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This brutal chart puts you at the heart of Wall Street's pain
One business has been dragging Wall Street down for years — and it took an even bigger-than-usual nosedive at the start of 2016.Revenues in the fixed-income, currencies, and commodities business...
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Wall Street's shrinking workforce in one chart
Wall Street's workforce is shrinking.Front-office headcount at investment banks across the Street has dropped 21% over the past five years, according to the data-analytics firm Coalition.Total...
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JPMorgan had a blowout quarter in one key business, and it's big news for...
JPMorgan had a big second quarter.The firm, which on Thursday was the first bulge-bracket bank to report earnings, beat analyst expectations in both trading and investment banking.One business that had...
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Wall Street's weakest business could be poised for a turnaround
It looks like Wall Street had a blowout quarter in an unexpected business: fixed income.So far, JPMorgan, Citigroup, and Bank of America Merrill Lynch have reported second-quarter earnings, and they...
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It looks like JPMorgan is pulling away from the rest of Wall Street in a huge...
Wall Street banks may be poised for a turnaround in the key fixed income, currencies, and commodities, or FICC, trading business — but only one firm really looks to be pulling ahead.While the major...
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This is the slow death of investment banking in 4 charts
Investment banks are under pressure.Regulation, sluggish economic activity, and political uncertainty have all combined to depress revenues.Tougher capital and conduct rules, in the wake of the...
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JPMorgan smashed it out of the park thanks to growth in one huge business
JPMorgan kicked off earnings season for banks on Friday and crushed it.The firm beat analyst expectations across investment banking and trading — and had a historically strong quarter in one business...
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Morgan Stanley laid off a bunch of bond traders last year — now the business...
Morgan Stanley may finally be seeing a turnaround in a hugely significant — but recently disastrous — business.The firm just had its strongest quarter in fixed income sales and trading since the...
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Goldman Sachs could earn an extra $3 billion from a major trading rebound
There's a major rebound underway in the fixed income, currencies, and commodities — or FICC — trading business on Wall Street, and one bank stands to win big from it.Goldman Sachs could earn as much as...
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London fintech Algomi landed a $10 million investment from exchange giant...
LONDON — European exchange operator Euronext has invested $10 million (£8.1 million) in London fintech startup Algomi.Euronext announced the investment on Friday. It already has a joint venture with...
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This brutal table spells bad news for Wall Street banks (GS, JPM, MS)
Credit Suisse has a new version of its CS Markets Index, which tracks trading revenues across Wall Street, and it is not a pretty sight for America's top investment banks.In a note out October 3,...
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The 2 biggest threats to trust in global markets, according to a senior Bank...
Mark Yallop, of the FICC Markets Standards Board and the Bank of England's Prudential Regulation Committee, talked to Business Insider about the risks facing financial markets. He said the...
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