Banks spend to save in fixed-income efficiency drive

Wastefulness of 20-year bull market will take years to reverse, dealers expect

Zar Amrolia, Deutsche Bank

Any business that can generate $135 billion in revenues – as fixed income did for the top 10 houses in 2009 – can afford to brush off concerns that some of the money is draining away as a result of IT and organisational waste, but with revenues now at roughly half those levels, according to analytics firm Coalition, banks are under intense pressure to save money. At the biggest dealers, that has gone beyond traditional belt-tightening, to become a huge demolition-and-rebuilding exercise.

"We are

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here