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1.Market Observations, 8.Was Sticky

16 Jan 2017 (AFR) – Wall Street banks pass struggles to asset managers

(16 January 2017, AFR, p20, by Lisa Abramowicz)

‘Wall Street’s biggest banks are in a bright spot after years of massive lay-offs and pay cuts. The same cannot be said for the largest asset managers. On Friday, several big banks kicked off the fourth-quarter earnings season, reporting big jumps in profit, with debt-trading revenues surging amid volatility after Donald Trump’s election as next US president.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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