Wall Street banks facing second-quarter slowdown

The Star Friday 18th May, 2012

NEW YORK (Reuters): Wall Street banks will report sharp declines in trading and investment banking revenues in the second quarter because of weaker client activity, JPMorgan analyst Kian Abouhossein said in a report on Friday. Fixed income, currency and commodities trading revenue is likely to be particularly challenged for a group of banks including

Read more

Share this article:
Back to Malaysia Sun

Comments

  • No comments yet for this story

    • Have your say

    • By submitting your comment you agree to our terms and conditions

    Featured Story

    Malaysian Indian Congress party polls this year

    The organisational elections of the Malaysian Indian Congress (MIC) will be held within this year as against the party's earlier decision to hold these from January next year.

    After a meeting ...

    Record Your Vote

    Should tax havens be forced to lift their shroud of secrecy?

    View results

    On Facebook

    Making the news

    Our nuclear programmes are completely transparent. But we are ready to show greater transparency and make clear for the whole world that the steps of the Islamic Republic of Iran are completely within international frameworks. The sanctions are unfair, the Iranian people are suffering, and our (nuclear) activities are legal. These sanctions are illegal and only benefit Israel.

    Hassan Rouhani

    Iran's president-elect was speaking after his historic election victory.