Coalition expects revenue of the top 12 banks to fall 5% this year to $152.2 billion
The world’s top investment
banks are facing a third straight year of revenue losses,
according to a new paper that shows solid performance by the
banks’ fixed income, currency and commodities
units failing to cancel out losses in equities and investment
Coalition’s IB Index report
released on Thursday estimated total 2016 revenue for the
largest 12 banks at $152.2 billion, which is 5% down on the
$160.2 billion in 2015.
The paper said 2016 will see the third
consecutive year of lower revenue after a 3% fall in 2015
compared with 2014.
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