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Any other business

The death of investment banking as we know it? Bring it on

Also in Any Other Business: the meaning of the BHS bust, what’s happening at Hinkley Point, and friends on the Rich List

30 April 2016

9:00 AM

30 April 2016

9:00 AM

Oh woe. Investment bank profits are evaporating after a disastrous contraction of trading revenues reflecting zero-to-negative interest rates, weak commodity prices and worries about China and other emerging markets. Not to mention the stagnant eurozone, the possibility of Brexit, increased capital requirements (which will rise further for banks that must ‘ringfence’ their trading operations) and the demoralising impact of regulatory moves to cap and force clawback of bonuses.

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