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The year of the great FICC exodus (maybe)

Many banks took a hit against their FICC divisions in 2013, and this year could see further restructurings of the units

Once regarded as the engine room of investment banking revenues, units trading fixed income, currency and commodities are slowly running out of steam.

The top 10 FICC franchises, which deal in products ranging from rates and corporate debt to FX and commodities, suffered a collective 20% drop in revenues in 2013 to just over $70 billion, according to estimates by consultancy Coalition.

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