JP Morgan says first quarter trading revenue to drop significantly
February 26, 2019 at 10:19 AM EST
Wall Street's trading desks are off to a tepid start this year. Morgan Chase, the world's biggest investment bank, said that first-quarter trading revenue would probably fall by a "high-teens" percentage amid a slew of difficult factors, according to Daniel Pinto, head of the firm's corporate and investment bank. The bank's currency and emerging markets debt...