Big investment banks have worst start to year since 2006

FILE PHOTO: The logo of Deutsche Bank is pictured in London, Britain July 8, 2019. REUTERS/Simon Dawson/File Photo

In the first six months of 2019 investment banks reported revenues of $76.8 billion, down 11% on the prior year and the lowest first-half performance for 13 years. Fixed income, currencies and commodities revenues fell 9%, while investment bank advisory was down 8%.

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Only $76.8 billion in new revenue. How will they survive 😕

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