Daily News: March 30, 2015

JPMorgan Retains Top Investment Bank, Revenues Slip

Reuters reported JPMorgan reportedly retained its crown as the top performing investment bank in 2014, although its revenues fell 6%, new data showed.

According to Reuters , JPMorgan reaped $22 billion from investment banking in 2014, compared with $23.3 billion in 2013, according to a ranking compiled by the industry analytics firm Coalition.

Reuters said further JPMorgan’s trading in fixed income, currencies and commodities (FICC) divisions fared the worst, with revenue down 12.8 percent to $10.9 billion, though it still led the field.

To read the entire Reuters article, click here.