These 3 slides show just how brutal 2015 has been for Wall Street's biggest business
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Jul 26, 2021, 12:44 IST
FICC revenues over the first nine months of the year are down 9% year-on-year, with credit revenues down a third and securitization revenues down 21%. The only bright spot is foreign exchange.
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The third quarter was especially tough, with FICC revenues down 18% compared to the same quarter last year.
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Front office headcount in FICC is down 3% year-on-year, extending a trend of just cuts dating back to 2010.