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The Chief Executive Officer of Morgan Stanley has outlined in a public statement that the company is aiming to generate about $4 billion in annual revenues from Fixed Income, Currencies and Commodities trading (FICC). Despite the industrywide decline in recent quarters, Morgan Stanley is setting up ambitions targets for its units.
The revenue flow of the firm from its FICC operations in the second part of 2015 has been deemed by senior management as “unacceptable”.
The ambitious goals of the company are yet another challenge for other banks in the industry that are looking to diversify their income flow amid ever ... (read more)