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Investment banks' trading revenue down 9% in 2015: survey

Drop is due to regulatory changes requiring them to hold more capital and liquidity, and retrenchment
Tuesday, February 23, 2016 - 05:50

London

REVENUE at the world's 12 largest investment banks from trading fixed income, currencies and commodities (FICC) fell 9 per cent in 2015 compared with a year before, a survey showed on Monday, dragged down by regulatory changes and retrenchment.

Eight years after the global

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