FICC revenues down 47% in the first quarter of 2016.
Weeks after announcing cuts to fixed income jobs, traders in multiple functions have left the business.
Fixed income and commodities sales again identified as major contributor to lower revenues, though cash equities are also struggling.
Citi’s investment banking unit revenues were down 27% in Q1 2016 compared to the same period last year.
The Bank is set to cut 675 jobs from investment banking unit in France, as cost-cutting programme gets underway.
ICAP has acquired the data analytics firm as it boosts tech offering for clients.
Investment bank reveals 17% decline in FICC and 11% decline in equities for the first quarter of 2016.
Banks and brokers are reducing research services provided to smaller buy-side firms.
The Financial Conduct Authority is to investigate banks who award more shares to buy-side firms based on the trading commissions and 'other revenues' they receive from them.
CME Group has cleared the first interest rate swaptions trade, with more banks looking to onboard.