No prop, no problem: bank trading revenues hit record high

Banks generated $271bn of global markets revenues last year, BCG Expand forecasts.

That’s $11bn above their previous record haul from 2009 when looking at comparable client-focused,
marketmaking revenues (and excluding banks’ now redundant prop trading activities).

“Global markets and investment banking have shifted from weighing on banks’ returns in the decade from 2010 to 2019 to becoming a major driver of group profitability… We expect them to continue to outperform over the next five years and provide a strong impetus for growth for broader banking group revenues globally.”

Amrit Shahani
Partner, BCG Expand & Head of CCIB

Read the full article in IFR