UBS results follow downwards trend for Q2
The bank missed expectations to post smaller than expected profits, warning of a challenging second half, although its investment bank did better than US counterparts.
The bank missed expectations to post smaller than expected profits, warning of a challenging second half, although its investment bank did better than US counterparts.
Philip Drury will head up the recently formed banking, capital markets and advisory business at Citi for the EMEA region.
Deutsche Bank’s plans will involve a significant reduction in headcount across the US and Asia.
Deutsche Bank dropped two places in a top 10 global investment bank ranking, as revenues fell 20%.
Revenues across top 10 investment banks continue to fall across fixed income and equities trading.
Investment banking revenue in 2016 expected to decline for fourth year in a row.
Job cuts in financial services surge as “Wall Street executives are trying to shrink staffing levels as profits remain under pressure,” says Integrity Research.