Awards for Excellence 2016
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Also shortlisted: |
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Citi |
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HSBC |
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Running a FICC business must be one of the toughest jobs in investment banking today. Total revenues have plummeted to less than $20 billion in the first quarter of 2016; that is little more than half what the run rate was three years ago and only a third of revenues in the pre-crisis glory days of the flow business. Trading volumes are lower, pre-Brexit volatility was almost non-existent and costs are biting – both in terms of the capital banks need to allocate to certain parts of the business and in terms of compliance and technology costs that businesses need to absorb.
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