According to Credit Suisse, Wall Street banks are expected to average a 25% drop in their core...

|By:, SA News Editor

According to Credit Suisse, Wall Street banks are expected to average a 25% drop in their core trading revenues in Q2, as declining commodities prices and investor unease over macro conditions took their toll. Goldman Sachs (GS) could see its core sales and trading revenue fall 36%. Banks have been responding by slashing payroll.