Revenues at the world's biggest investment banks have plunged to their lowest levels since 2006

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Deutsche Bank, Morgan Stanley, and other banking titans have faced pressures in several of their divisions.

The world's biggest banks have posted their lowest revenues since 2006, according to industry monitor Coalition. First-half revenues slumped 11% at 12 of the biggest banks in Europe and the US. Equities have been hit especially hard, as slow growth and low-interest rates hit Wall Street's biggest names. Headcount at the world's largest investment banks dropped by 1,500 from January to June. View Markets Insider's homepage for more stories.

The world's biggest banks have posted their lowest revenues since 2006, according to industry monitor Coalition. First-half revenues slumped 11% at 12 of the biggest banks in Europe and the US. Equities have been hit especially hard, as slow growth and low-interest rates hit Wall Street's biggest names. Headcount at the world's largest investment banks dropped by 1,500 from January to June. View Markets Insider's homepage for more stories.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Big investment banks have worst start to year since 2006The world's largest investment banks have had their worst start to a year s... Only $76.8 billion in new revenue. How will they survive 😕 Our mission at is to build the social media platform that ends fake news deserved.dwnews dw_chinese
Source: Reuters - 🏆 2. / 97 Read more »

Big investment banks have worst start to year since 2006The world's largest investment banks have had their worst start to a year s... Only $76.8 billion in new revenue. How will they survive 😕 Our mission at is to build the social media platform that ends fake news deserved.dwnews dw_chinese
Source: Reuters - 🏆 2. / 97 Read more »

UBS plans revamp of investment bank after falling profits: FTSwitzerland's biggest bank UBS Group AG is planning to revamp its investmen...
Source: Reuters - 🏆 2. / 97 Read more »