Photo: BloombergThere’s a silver lining to this week’s stock market rout: the likely end of Wall Street’s Asia woes. What investment banks needed was good old-fashioned uncertainty, and this week’s stock market tumble seems to have delivered that. FICC, or fixed income, currency and commodities trading, has typically been the main driver of banks’ revenue. That’s good news for hedge funds, which have been sidelined, and the investment banks like Goldman that rely on them. Investment banks that are capturing flows through the stock and bond connect programs have strong prospects even as the MiFID II regulations hurt their business.

Source: Mint February 07, 2018 06:00 UTC