‘There Will Be Banker Blood’: Why JPM Is Afraid Of “Quiet Trading Floors”

After 30 years of dramatically outperforming Main Street, Wall Street wages may be set for some mean-reversion as JPMorgan analysts take an ax to the biggest global investment banks’ earnings. As Bloomberg reports, “quiet trading floors” are set to depress global investment banks’ second-quarter revenue 24 percent, with weakness across equities, interest rates, currencies, with a regionally-driven weakness from Asia.

While equity trading volume declines are well known, FX trading volumes are tumbling…




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