• 22 Apr 2014 at 3:57 PM
  • Banks

Breaking: Banks Competing With Each Other

In a revolutionary development, it turns out that each would like the biggest piece of the stock-trading pie possible.

Investment banks are slugging it out over stock trading….

Lately, executives say, the fight has grown more intense. In the past year, Morgan Stanley has pulled neck and neck with Goldman Sachs Group Inc. in equities revenue.

Banks are prioritizing top clients, investing in electronic-trading platforms and paying employees more, executives say. Some firms, including UBS AG, have been active in hiring traders from peers.

“Especially because of the decline in fixed-income [trading], equities is becoming more and more important,” said Christian Bolu, an analyst at Credit Suisse.

Goldman, Morgan Stanley and Other Banks Battle for Business Trading Stocks [WSJ]

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  1. Posted by B Iteme | April 22, 2014 at 4:04 PM

    Yeah, yeah, yeah – equities build out in Q2 will be equities pink slips in Q1/2015.

  2. Posted by Captain Oblivious | April 22, 2014 at 4:21 PM

    Why do you need an equity trader?? Im confused, its all automated. Other than that I have no concerns