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State Street to become first foreign participant to trade Korean onshore interbank FX market

The TRADE

” Over more than 20 years, State Street has had a local presence in the country, with its Korean entity supporting global clients with trading Korean Won onshore. This is the latest in a series of enhancements in offerings across Asian markets by major industry players.

Trading 59
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Bulge Bracket Banks: 2024 Edition

Mergers and Inquisitions

As of 2024, I consider the following to be the list of bulge bracket banks (note that the “potential” category is speculative and could include other, similar firms beyond the 5 currently listed there): Sources: The list above is based on deal volume and fee data from Dealogic , the Financial Times , and Statista over the past few years.

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The results so far: Equities rebounding as market stays primed for continued macro uncertainty

The TRADE

Citi Citi’s results also painted a clear picture when it came to its trading state of play. While overall markets revenues decreased 7% to $5.4 from Q4 2023), fixed income net revenues remained consistent from year on year. At the same time, while capital markets revenue was up 8.8% year on year (up 47.9%