Coalition report sees double digit drops in all segments of investment banking
The first quarter of 2016 marked the
slowest start to the year since the financial crisis for the
twelve largest investment banks, with listed derivatives
trading the only bright spot, according to the Coalition Index
According to a new report by research firm
Coalition, the financial services industry saw its worst first
quarter since 2008 due to economic uncertainty and investor
caution. Total investment banking revenue for the quarter was
down a quarter to $37.2 billion, compared to $49.8 billion in
the first quarter of 2015.
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