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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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  • TwistTie
    , contributor
    Comments (2476) | Send Message
     
    It would be easier, less costly, and more profitable if the banks did absolutely nothing, while accepting alms from the unbanked among us who still have clothes to wear.
    29 Jun 2012, 02:33 PM Reply Like
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