guarantees settlement once the trade has been compared, which occurs upon FICC
's receipt of the trade data from the IDB, in the case of GCF Repo trades.
Coalition said the downturn in FICC
reflected structural and cyclical pressures facing banks, including tougher regulations that require banks to hold more capital against risky assets and a lack of volatility in financial markets.
Once Wall Street's largest bond trading house, Goldman reported its sixth consecutive quarterly decline in its FICC
The deal has got the green light by the antitrust bodies in the USA and Canada, as well as by the shareholders of FICC
. It will enable the Canadian company to boost its positions in the USA and especially in the asset management sector in the country.
will mark the world premiere of "Malachance" (Bad Luck) helmed by Mexican Gerardo Naranjo and shot in New York, New Orleans and Los Angeles.
Net revenues in FICC
Client Execution were $822 million, 18% lower than the fourth quarter of 2017, reflecting significantly lower net revenues in credit products and lower net revenues in interest rate products.
Total capital markets revenues in 2Q18 were $29.1b, an increase of 9% YoY due to strength in equity markets trading (+14%) on favorable macro trends, improved FICC
and near-record equity underwriting revenues (+40%).
The industry as a whole has seen key revenue streams decline in recent months, with a recent survey showing revenue from trading fixed income, currencies and commodities - known as FICC
- (http://www.reuters.com/article/us-banks-investment-trading-idUSKCN0VV007) fell 9 percent in 2015 compared with a year before.
CIB's fixed income business, the FICC
, French/Belgian retail banking and Eastern Europe are all facing revenue and operating margins pressure in any case even before the fine.
Kengeter joined UBS in September 2008 and is the joint global head of Fixed Income, Currencies and Commodities (FICC
) within UBS Investment Bank.
gave its Don Quixote Prize to the Korean film "Peppermint Candy" and the Ecumenical Prize went to "The Big Animal."