Data from Credit Suisse shows that the total investment banking fee pool is down nearly 30 percent this year. Where will banks make up that money? Well, prop trading is a thought, but that's a tricky proposition. Article [1]
Data from Credit Suisse shows that the total investment banking fee pool is down nearly 30 percent this year. Where will banks make up that money? Well, prop trading is a thought, but that's a tricky proposition. Article [1]
Links:
[1] http://ftalphaville.ft.com/blog/2008/08/18/15161/non-existent-fees-and-the-ephemeral-nature-of-trading-profits/