Major investment banks last year's metal business income was higher than oil was
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Because oil prices are relatively low and relatively stable, and oppressive hedge operations, investment banking's revenue in the metal business over oil last year is the first since 2014, but this is unlikely to be the beginning of the new trend.
Due to the government's strengthened supervision and the poor performance in the commodity sector, investment banks have been dropping or reducing commodity businesses. In recent years, the revenue of bulk commodities has declined.
According to the financial industry analysis company Coalition, the top 50 investment banks in the world last year earned 1 billion 600 million dollars in metal trading, selling derivatives and other related activities, and the revenue from the oil sector was 1 billion 400 million dollars.
These two aspects of revenue are at least the lowest in 10 years. In 2008, when the peak of the commodity super cycle reached the peak of 2008, the investment business of the investment bank had 3 billion 900 million dollars, and the oil had 5 billion 600 million dollars.
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