Revenue at 10 largest investment banks is on course to decline again

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Revenue at the world's 10 largest investment banks is on course to decline again in 2015 by 2% to $148bn compared to a year ago, although a strong showing in equities will limit the fall, a survey on Tuesday showed.

Reuters reports that it follows a weak third quarter, when revenue slipped by 8%, the survey by industry analytics firm Coalition showed.

Investment banking revenue has slumped in recent years, especially in Europe, as tougher regulations, litigation costs and market volatility have prompted banks to restructure, shedding staff and exiting certain business lines.

Trading in fixed income, currencies and commodities (FICC) divisions, which make up about half of investment banks' revenues and has been particularly hit by new regulation, is set to fall a further 7% to $64.8bn in 2015 compared to last year, Coalition's data showed.

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Investment banks' revenue set to decline again in 2015 - survey

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