Goldman Sachs has been having a tough time in bond trading,
a business that was once a dependable source of revenue.
The US bank delivered $US2.8 billion in fixed income, currencies and commodities client execution revenues in the first half of 2017, down 19% from the same period last year. That figure was $US4.7 billion in 2015 and more than $US5.6 billion in both 2013 and 2012.
In fact, Goldman Sachs latest first-half performance in FICC client execution was its worst since the US bank started reporting the results in the current format.
Rather than using the cliff to push for a restructuring of the business, Goldman is heading in a different direction.
Credit Suisse analyst Susan Roth Katzke, recently met wi…
Read the full article at: http://uk.businessinsider.com/goldman-sachs-bond-trading-business-priorities-2017-8