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Big banks develop new platform for bond issuances

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Global debt issuance rose 4 per cent to $7tn last year, netting investment banks overall revenues of $23.3bn, according to data company Dealogic.

In contrast, investment banking revenues from trading fixed income, currencies and commodities — the FICC segment that used to be one of Wall Street’s dominant money machines before the financial crisis — shrank again last year, by 10.5 per cent to $68bn, according to Coalition, another data company.

From Big banks develop new platform for bond issuances.

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