In the kingdom that Tom Montag rules over as Bank of America's chief operating officer, no group looms larger than fixed-income, currencies, and commodities — home of the firm's vaunted bond ...
That’s down about 38% from the year ago quarter when the bank posted a record US$9.6bn in trading revenue. Revenue from FICC trading was double the level compared to the 2019 second quarter. “Remember ...
together known as FICC trading. He blamed a “challenging” macroeconomic backdrop, particularly in August, and a notably strong quarter a year ago. Solomon and the bank he’s run since 2018 ...
The bank's fixed-income, currencies, and commodities (FICC) trading business is not filling the roles of people who leave, one of the people said. Another source familiar with the matter described ...
Some are already complaining. The picture above, which a Goldman Sachs representative sent to Business Insider, is of the trading for the unit dubbed FICC (fixed income, currencies, and commodities).
Subject to regulatory approval, this proposed enhancement to the long-standing CME-DTCC cross-margining arrangement will allow eligible end user clients at CME Group and the Government Securities ...
It was the only large bank to report so far to show an improvement over the year-ago quarter in FICC trading. Revenue from equity trading in the quarter fell 2% from a year ago to US1.6bn, the ...
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