A definitive breakdown of the sorry state of Wall Street
Advertisement
Spencer Platt/Getty Images
Advertisement
Total revenue across the top ten banks in the first six months of the year fell 15% from the same period a year ago, according to research firm Coalition. The total, of $79.3 billion, compares to $93.3 billion in the first half of 2015, and $102.4 billion in the first half of 2011. Barely a single business line was spared.
From fixed income, currencies and commodities (FICC) to equities to traditional investment banking, revenues dropped sharply. Let's take a look:
Advertisement
- RBI Governor Das discusses ways to scale up UPI ecosystem with stakeholders
- People find ChatGPT to have a better moral compass than real humans, study reveals
- TVS Motor Company net profit rises 15% to ₹387 crore in March quarter
- Canara Bank Q4 profit rises 18% to ₹3,757 crore
- Indegene IPO allotment – How to check allotment, GMP, listing date and more