Club barbados reviews12/10/2023 “Diversification has certainly helped us, especially if you look at this year versus last year,” said Snigdha Singh, co-head of EMEA FICC trading and head of EMEA markets initiatives at BofA, which has registered the biggest market share gains in 2023 in fixed-income revenues among the top five US banks. Industry experts estimate corporate clients represent more than 18% of the revenue pool for banks' fixed-income trading units this year, up from about 15% in 2021 before the US Federal Reserve began lifting interest rates. That activity has meant corporates now account for a greater share of banks’ fixed-income revenues, helping to offset a decline in trading from other clients like macro hedge funds. Bank of America, Citigroup and Morgan Stanley are among the banks that have been intensifying their efforts with corporate clients, as treasurers and finance chiefs have scrambled to shield themselves against moves in interest rates, currencies and commodities over the past 18 months. The amount of trading revenue banks generate from their corporate clients has risen sharply in the past year, benefitting firms with a large presence in this space and prompting several to continue to plough more resources into corporate relationships. ![]() Corporate hedging helps drive bank trading revenue
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