Banks still struggling to make money in FICC trading
Revenue, profit down for most of world's major trading banks; outlook for 2016 points to further declines
Mon, Nov 09, 2015 - 5:50 AM
BANKS struggled again to make money trading bonds, currencies and commodities in the third quarter, as regulatory changes squeezed liquidity and intensified the pressure to cut costs, staff and activity.
Revenue and profit fell for most of the world's major trading banks in...