Bank of America is gunning for its Wall Street rivals in Europe after a hiring spree for its markets business, even as trading revenue has stalled across the sector this year.
The Wall Street bank is aiming to become a top-three player in fixed income, currencies and commodities, executives told Financial News, and is hiring senior traders and sales staff, as well as allocating a bigger slice of its balance sheet towards the division, particularly in Europe, the Middle East and Africa.
