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Tuesday, 24 January 2017

Bank strategy and results

Commodities revival aids FICC surge

IFR 2167 21 January to 27 January 2017

Commodity trading activity bounced back in the second half of last year to raise optimism that better times are ahead for banks that stuck with the business while rivals ran for cover.

Investment banking revenue slumps 7% at US banks

IFR 2167 21 January to 27 January 2017

JP Morgan deposed Goldman Sachs from the top of the investment banking heap in 2016 - not because the bank surged ahead, but because as all banks fell back, Goldman fell further.

Morgan Stanley rejigs EMEA capital markets

IFR 2167 21 January to 27 January 2017

Claus Skrumsager, Morgan Stanley’s co-head of global capital markets in the EMEA region, is moving into the bank’s investment management division to start his own fund.

HSBC cuts 100 investment bank jobs

IFR 2167 21 January to 27 January 2017

HSBC began cutting around 100 senior jobs in its investment banking division worldwide last week, according to sources with direct knowledge of the matter.