FICC
Banks slashed 700 frontline jobs last year even as trading frenzy fuelled best year in decade
Equities trading units were again at the sharp end of job cuts amid soaring revenues in fixed-income, currencies, commodities divisions
Deutsche Bank just raised its revenue target for battered investment bank
'We have won market share in important business areas, and we believe that a large part of these gains will be sustainable,' said Deutsche Bank chief Christian Sewing
2 min read
Goldman stuck with bond trading amid ‘bloodbath’ cuts at rivals. Here’s why it paid off
Once a blight on bank profitability, surging fixed-income revenue this year has helped banks cushion the blow of the pandemic
8 min read
Traders should be held accountable for algorithms, industry body says
The FICC Markets Standards Board also proposed that traders keep an inventory of algorithms used and the risks associated with them
2 min read
Bond market standard-bearer picks LCH executive as next CEO
Martin Pluves will lead the Fixed Income, Currencies and Commodities Markets Standards Board
2 min read
Deutsche Bank executive joins Singapore Exchange
Head of institutional clients in China will lead a new FICC group at the Singapore stock exchange
1 min read
Absent investment banks fuel ongoing bond market liquidity fears
Trade body warns post-financial crisis regulations are still restricting banks’ ability to take on risk
2 min read
Michael Spencer’s former strategy chief joins FICC standards body
Rupak Ghose will lead the FMSB's work on the impact of technology
1 min read
Bounce-back in FICC puts bank strategies in focus
An improvement in banks' fixed income, commodities and currencies businesses has recruiters expecting a series of hires
2 min read
Goldman Sachs struggles to turn the ship
With all eyes on earnings Tuesday, critics question whether hedge funds' favourite bank can woo corporates as easily
5 min read
Meet the startup bringing big data to fixed income at JPMorgan
The former banker behind Mosaic Smart Data wanted systems to sift his employer's transaction data but ran into obstacles — so he built the software himself
5 min read
JPMorgan analysts warn of more severe Q4 bond trading falls
Banking giant will open the fourth-quarter reporting season on Wall Street tomorrow
Goldman Sachs names new bond trading chiefs
The Wall Street bank's huge bond trading business has had an uncharacteristically challenging year
Bond market standard setter identifies 73 risks
FICC Markets Standards Board's 'horizon scan' throws up various issues to address in the drive for best practice
Goldman Sachs plans big changes after rough quarters
The Wall Street bank says it has identified $5bn in new revenue opportunities and hopes to turn around its fortunes in fixed income trading
Slumping revenue masks FX’s rising profile in fixed income
FX has been quietly growing in importance to banks' giant fixed income trading desks in recent years
4 min read
Banks hit as commodities revenues slump to pre-crisis low
A big drop in FX revenues also contributed to a sluggish first half for investment banks' fixed income divisions
3 min read
Fitch warns Wall Street of more pain for bond traders
A seasonally slow third quarter for sales and trading means more revenue pressures for the world's biggest investment banks
2 min read
What’s the matter with Goldman Sachs?
Naysayers, emboldened by a second consecutive quarter of pain, bemoan the bank’s inflexible approach and lack of transparency
7 min read
BAML joins the record breakers with Q1 banking high
Wall Street bank posts a bumper start to the year for investment banking fees and a big boost to fixed income trading
1 min read