SocGen FICC and equities revenues declined in Q4
SocGen's equities and FICC revenues increased in 2015, but decreased in fourth quarter due to 'unfavourable' market conditions
Sell-Side
Traders laid off as Goldman swings axe on fixed income
Goldman responds to 13% fall in FICC revenue by trimming headcount.
The race to market
As buy-side clients demand more sophisticated derivatives algos to assist in the provision of outcome orientated funds, Societe Generale is making some bold decisions to get ahead in Asia. Joe McGrath investigates…
JP Morgan clearing and collateral head departs
Emily Portney left the bank on Monday to “pursue a new opportunity”, according to an internal memo.
Tullett deal “proceeding well” as ICAP reports 5% decline in revenues
ICAP reports revenues are down 5% as CEO Michael Spencer says the deal with Tullett Prebon is on track for completion this year.
Credit Suisse adds derivatives contracts to ‘unwinding’ unit
The bank transferred the assets to the SRU in a bid to reduce its capital requirements and meet leverage ratio rules.
KCG sells NYSE market maker to Citadel
Deal sees second NYSE market maker sold to HFT firm in two weeks.
Barclays offloads non-core derivatives to JP Morgan
The transfer of the portfolio is the latest move from Barclays as it looks to reduce its capital requirements.
Credit Suisse to cut 4,000 jobs amid first loss since financial crisis
Credit Suisse reveals first annual loss since 2008, and confirms 4,000 jobs are to be cut.
The Asian algo “arms race”
As buy-side clients demand more sophisticated derivatives algos to assist in the provision of outcome orientated funds, Societe Generale is making some bold decisions to get ahead in Asia. Joe McGrath investigates…