Global Investment Bank Has2%Revenue Decrease in 2014
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Global Investment Bank is known as one of the leading investment banks in the world, like Goldman Sachs Group Inc. (GS) and Deutsche Bank AG (DBK). According to the statistical data that has been provided by analytics firm Coalition,the bank will probably have a 2% decrease in revenue this year.
This 2014, the Global Investment Bank has earned less money on currencies and commodities. Moreover, the trading fixed income of the bank has decreased as well.
Last year, the Global Investment Bank earned up to $153.3 billion from debt units, equities trading and investment banking. It is predicted that this amount will decrease to $150.7 billion this year. As the London-based firm has recently reported, the revenue of Global Investment Bank decreased by almost 5% and reached to $82.3 billion in the first half of 2014.
Coalition has expected that the revenue of Global Investment Bankin investment banking sector may exceed by 13%. Within the first 6 months of the year, the bank has received 11% gain. The earnings were generated by acquisitions, mergers and sales of stocks. Nevertheless, the bank declined the sectors inequities and debt trading, which hada negative impact on its revenue.
If we analyze the revenue of the bank in currency, commodities and fixed income, we will see a 9% decrease. Global Investment Bank revenue in these sectors has decreased to $67.4 billion.