Investment banking: Flow leaders expect to protect their gains

Investment banking heads are confident that they can turn a government-sponsored trading boom into an enduring customer-based cash machine. Regulatory reform and renewed volatility threaten revenues, but the leaders think they have created a moat around their core earnings. Jon Macaskill reports.

Left to right: Gary Cohn, Goldman Sachs; Jerry del Missier, Barclays Capital; Paul Calello, Credit Suisse; Jes Staley, JPMorgan

THE MOOD AT the annual UBS financial services conference in the Waldorf Astoria hotel in New York in mid-May could easily have been gloomy. A hastily concocted financial services reform bill was moving to conclusion in Washington, complete with clauses that would strip high-margin operations from banks. Industry leader Goldman Sachs was still recovering from the shock of being accused by the SEC of fraud over former CDO sales practices.

Investment banking: Flow leaders expect to protect their gains

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Investment banking: Flow leaders expect to protect their gains

Thanks for your interest in Euromoney!To unlock this article:

The Danish Compromise tests Europe’s appetite for regulatory easing

What can US bankers really expect from Trump’s deregulation impetus?

Prem Natarajan on Capital One’s AI stairway to heaven

European banks’ battle for scale: Is HSBC the latest casualty?

Thanks for your interest in Euromoney!
To unlock this article: