Commodities trading was the only FICC line to see growth in the first half
The world’s largest investment banks are
forecasted to see a 9% fall in revenues from fixed income,
commodities and currencies (FICC) by the end of the year as
increased regulatory pressures weigh on profits.
According to consultancy Coalition, the biggest investment
banks in the US and Europe will make $67.4bn for FY2014, down
from $73.9bn last year.
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