The sell-off in fixed income is revealing some concerning weaknesses in the U.S. corporate bond market, including a lack of liquidity, a dearth of reliable data and inefficiencies in market structure that complicate life for traders.
Rising interest rates, automation and the emergence of new revenue streams are reenergizing the bottom lines of security servicers who in recent years have experienced flat-lined growth, margin compression and growing competition from non-bank providers.
As credit investors diversify portfolios by adding increasing amounts of private debt, they are stepping up the search for better data, analytics and other technology to help assess and manage risks associated with these opaque investments.
Equity capital markets growth, led by the special purpose acquisition company (SPAC) boom, heightened M&A activity, and improved performance by equities and spread financing products, was one of the largest contributors to a surge in investment banking revenues in 2021.
More than a quarter of U.S. small and mid-sized businesses say they are likely to choose a bank that demonstrates a commitment to ESG the next time they add or switch providers.
Budget increases for trading desks drove buy-side technology spending above $10 billion last year and is fueling fierce competition amongst an expanding host of innovative institutional fintech providers.