Category Archives: Sales & Trading
A tall order in FICC at Morgan Stanley
Ambition should be applauded, but only so long as it stays on the right side of achievable. James Gorman must be getting tired of being asked about his fixed income business. At this week’s shareholder meeting, the chairman and chief … Continue reading
Putting the fun back into investment banking
Something needs to happen to snap the industry out of its gradual circle of decline ‘Most of the time, I don’t have much fun. And the rest of the time, I don’t have any fun at all’. Woody Allen might … Continue reading
Proprietary trading is dead. Long live proprietary trading?
Whatever else you might say about investment banks, please don’t mention the “p” word. Not “p” for pay, but “p” for proprietary trading. My latest column for Financial News. As the debate over the future of the “p” word rumbles … Continue reading
Has fixed income turned a corner?
For the first time in three years the engine room for investment banks has stopped shrinking. But for how long? Investment banks haven’t had a lot to smile about this year, so here’s an unusual piece of good news: for … Continue reading
A rough guide to Wall St this year
After an even more confusing round of quarterly results from investment banks than usual, here is a rough guide to who’s up and who’s down so far this year on Wall St In an excellent recent article on how investment … Continue reading
Is Wall St bouncing back – or bouncing downhill?
After what looked like a strong set of third quarter results by the big five US investment banks, has Wall Street recovered from the financial crisis – or merely brushed it under the carpet? It would be easy to think … Continue reading
Investment banks: cheer up, it might never happen
The third quarter could ride to the rescue of investment banks this year – but don’t get too excited The relentless headlines about job cuts and scandals at investment banks, depressed markets and economic uncertainty over the past few months … Continue reading
The end of the nuclear arms race in investment banking?
For years investment banks have been locked in a multi-billion dollar arms IT arms race to build the best and the fastest systems. But a new initiative being led by Deutsche Bank suggests that many of them may have been … Continue reading
The problem with investment banks – part 3: profitability
The investment banking industry has a problem. In fact it has at least three of them: a revenue problem, a cost problem, and a profitability problem. In the third of three articles to cheer you up after the summer break, … Continue reading
The problem with investment banks – part 1: revenues
The investment banking industry has a problem. In fact it has at least three of them: a revenue problem, a cost problem, and a profitability problem. In the first of a series of three articles to cheer you up after … Continue reading