Investment banking: Fixed income rules the roost again at US CIBs

Investment banking: Fixed income rules the roost again at US CIBs

Last year was far from a vintage year for the big five US corporate and investment banking franchises, with almost no business lines seeing an overall increase in revenues in 2016, but the gains in fixed income sales and trading were enough to inch CIB division revenues up by 1.4% to $142 billion.