"We expect execution of strategic restructuring to remain more challenged by prevailing unfavourable fixed income and equities capital markets than was the case when it was announced in October last year, particularly in Europe and Asia," it said.
Earlier this month the bank posted a second straight quarterly loss, in its worst start to a year since the financial crisis.
The bank's mark-to-market losses in these two quarters were related mainly to securitised products, distressed credit and certain underwriting positions, Fitch said.
To access the complete Reuters article hit the link below:
Have something to tell us about this article?