Frank Fernandez
Frank Fernandez
august banking complexion investment markets normal past prospects shifted stronger took
The complexion of the markets and the prospects for the firms have all shifted pretty dramatically in the past 60 days. Investment banking was much stronger than normal and no one took August off.
additional creates falling
Every additional legislative and regulatory requirement creates a new cascade of falling dominos.
bonds corporate desire driven lock rates
Corporate bonds are being driven by a desire to lock something in before rates go higher.
activity helped pickup trading volatility
There has been more capital-markets activity than anticipated and the pickup in volatility has helped proprietary trading revenue.
growth last next percent several tend
We're still in the upswing of one of these long M&A cycles, which tend to last several years. M&A growth will probably be up 15 to 20 percent next year.