Investment banks got richer in the first half of 2017

The world’s 12 largest investment banks saw revenues rise to $82 billion

Investment banks got richer in the first half of 2017
Steve Randall
Investment banks benefitted from stronger performance in underwriting debt and equity issues in the first half of 2017.

Data from analytics firm Coalition shows a 4% rise in revenue at the 12 largest investment banks in the world, to $82 billion, although that is 13% lower than 5 years’ ago.

Coalition’s report, released Thursday, reveals fixed income, currencies and commodities trading was in line with the same period of 2016 while revenue from equities trading was 3% lower.

The 12 banks tracked in the report are: Bank of America Merrill Lynch, Barclays, BNP Paribas, Citigroup, Credit Suisse , Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Morgan Stanley, Societe Generale and UBS.

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