Global investment banks' fee income fell 25% to $14B in Q2, according to Reuters data, with YTD...
Global investment banks' fee income fell 25% to $14B in Q2, according to Reuters data, with YTD fees of $32B off 25% from 2011. The numbers, along with trading revenues maybe off 40%, suggest Q2 earnings may not look so hot. Of course by now, none of this can be considered "new" news (see also) - perhaps, it's baked into stock prices.
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