Institutional Investor (March 20)
2017/ 03/ 21 by jd in Global News
“For years, asset management firms have benefited as the banking industry was dragged down by quantitative easing and increasing regulation. The one-two punch spurred a more than $100 billion divergence in revenues since 2011, with asset managers up $65 billion and wholesale banks down $45 billion at the end of 2016…. But now, with asset managers facing ‘intense’ pressure on fees and with economic policy shifting in favor of banks,” there are growing predictions for “a ‘reversal of fortunes’ for the two sectors.”
Tags: Asset management, Banking, Economic policy, Fees, QE, Regulation, Revenues, Reversal
