Jump to content
House Price Crash Forum
Sign in to follow this  
rollover

Europe’S Investment Bankers Mark Worst January In Decade

Recommended Posts

Investment bankers in Europe are off to the leanest start to a year in a decade as dwindling income from deal-making and trading presses firms to reduce costs. Revenue from arranging mergers, loans and stock and bond offerings for clients in Europe, the Middle East and Africa fell 22 percent to $1.58 billion last month from the year-earlier period, according to data compiled by New York-based research firm Freeman & Co. That was the worst January since 2004, the data show. Comparable fees in the U.S. fell 19 percent in the period to $2.5 billion, the same level as 2011. Crimped bond sales and regulatory pressure to shrink their operations. Fees in the region have been stagnant since the financial crisis and are at about half their 2007 peak. That may force banks to cut jobs for a third consecutive year and reduce compensation for their employees. “It’s unlikely to be a strong quarter, where investment banks need it, and they already are under pressure to shrink.” About $2.9 trillion has been wiped from the value of equities worldwide this year, according to data compiled by Bloomberg.

The Cherry on the Cake: Ireland returned to the bond market, signaling that the worst of the European debt crisis was over. Link

Gone are the haj-ho days!

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 406 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.