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Dimon warns of downturn as fixed income revenues falter

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Fixed income trading revenues fell for most US banks in the second quarter, with JP Morgan CEO Jamie Dimon warning that the strong environment...

JP Morgan extends DCM dominance; Goldman and Morgan Stanley climb rankings

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Dealogic's preliminary first-half 2026 league tables show JP Morgan holding the top spot in global debt capital markets by volume, while Morgan Stanley and...

LTX gains five heavyweight dealers

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Five major banks have joined Broadridge-backed corporate bond e-trading platform LTX. Goldman Sachs, JP Morgan, TD Securities, Morgan Stanley, and Bank of America are now...

US trading revenue gains come with a risk warning

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S&P Global analysts have warned that global banks’ financing of market makers is increasing profits but also ratcheting up risk – while US banks’...

Cloud-based exchanges could change the value of a broker dealer

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Nasdaq and CME are both moving market infrastructure toward the cloud, but in very different ways: the former keeps the critical path to the...

Mixed results at dealers as rates and FX power US Q4...

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JPMorgan had the largest fixed income, currencies and commodities (FICC) revenues amongst US banks at US$5.4 billion for the last quarter of 2025 with Goldman showing the strongest year on year growth on rates and FX trading. Citi and BofA FICC results were...

Markets mourn Cassandra Seier

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Markets are mourning Cassandra Seier, who passed away this weekend. Throughout her almost 30-year career, Seier held numerous senior roles and she spent more than...

Ahmed leaves Goldman for Balyasny

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Wajih Ahmed has swapped Goldman Sachs for Balyasny Asset Management, joining the firm as a macro portfolio manager after more than a decade with...

While rates trading hummed in Q3, “cockroaches” hide

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Jamie Dimon, CEO at JP Morgan, warned that recent corporate blow-ups may presage wider credit issues: “When you see one cockroach, there are probably...

Don’t Panic: How French credit has proven market Zen

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The resignation of the French Prime Minister, Sébastien Lecornu, on 6 October came after less than a month in office. Being the third prime...

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