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As investment banks struggle to make heads or tails of the harsh new normal, here is an attempt to make sense of a variable set of the first-quarter results (in US dollars).

There were a few bright spots: investment banking revenues increased by 15% and those stubborn costs fell by 6%. But revenues across the industry fell by 6%, led by a 13% drop in fixed income. Pre-tax profits also edged downwards.

Financial News's investment banking columnist William Wright analyses the first-quarter figures from the world's largest banks

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How was it for you? The first quarter at a glance

Fareed Sahloul

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UBS launches European strategy dealmaking group, shakes up country heads

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Find out who is on the move in the City and beyond this week

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CDPQ hires Sharon White to lead push in Europe

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Former chair of the John Lewis Partnership is joining the Canadian pension fund giant early next year

One of the top investors in Adani Group launched an on-market share buyback to protect its share price against the contagion from a U.S. investigation into the Indian conglomerate.

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The president-elect floated the idea during a Wednesday meeting with the former Fed governor.

By Brian Schwartz, Vivian Salama and Andrew Restuccia

Trump Considers Warsh Serving as Treasury Secretary—and Then Fed Chair

The U.S. auditing watchdog voted to require certain audit firms to disclose eight new metrics ranging from auditor turnover to partner involvement and restatement history.

Large Accounting Firms Will Have to Submit Financial Statements to U.S. Regulator

The AI titan will maintain its strong lead, but complicated product rollouts, sky-high expectations and the China threat add complications to growth potential.

Nvidia Is on Top but Does It Have Anywhere to Go but Down?

Research group GfK’s measure of consumer confidence climbed to minus 18 in November’s survey from minus 21 in October.

U.K. Consumers Cheerier Ahead of Holidays as Budget, U.S. Election Jitters Fade

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