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Investment Banking

Coalition quantifies banks’ awful first quarter

Headcount declined across banking and markets, with fixed income, currencies and commodities seeing the worst declines, Coalition data shows

Coalition quantifies banks’ awful first quarter
Photo: iStockPhoto

New data released on May 24 by Coalition underlines just how bad the first quarter was for investment banks.

The research firm, which tracks the performance of the world's 12 largest banks, showed the first quarter was the slowest for investment banking revenue since the financial crisis.

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