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Investment banks in the Middle East suffer from the financial crisis
10/06/2011 7:40
Have not yet healed the wounds of investment banks operating in the Middle East from the global financial crisis but are in fact getting worse. The tables show the Commonwealth of investment banks that are dominated by foreign players fee income fell to 48.8 million in the first three months of the year, less than half 116.3 million recorded charges a year ago, according to data from Thomson Reuters influenced by the political turmoil gripping the region. Under the deals are limited and declining stock markets and shrinking demand for new capital to its lowest level seems the future of most banks bleak There are no new ideas to deal with the recession even The survival of these banks is now in jeopardy. Says Anthony Mallis, Chief Executive Officer, Securities and Investment Seko in Bahrain "The question is how much of the investment banks that can survive during the difficult period in the region." He added "the work of investment banks involved in high-risk and opportunities for significant returns." And includes the Middle East a number of banks domestic and international are all looking forward to a share of fee income which has shrunk considerably in the past three years. While global banks have been to stay because of the huge budgets and their ability to adapt to the changing business environment affected by more local banks with large exposure to real estate markets and business models stagnant.
Agencies
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10/06/2011 7:40
Have not yet healed the wounds of investment banks operating in the Middle East from the global financial crisis but are in fact getting worse. The tables show the Commonwealth of investment banks that are dominated by foreign players fee income fell to 48.8 million in the first three months of the year, less than half 116.3 million recorded charges a year ago, according to data from Thomson Reuters influenced by the political turmoil gripping the region. Under the deals are limited and declining stock markets and shrinking demand for new capital to its lowest level seems the future of most banks bleak There are no new ideas to deal with the recession even The survival of these banks is now in jeopardy. Says Anthony Mallis, Chief Executive Officer, Securities and Investment Seko in Bahrain "The question is how much of the investment banks that can survive during the difficult period in the region." He added "the work of investment banks involved in high-risk and opportunities for significant returns." And includes the Middle East a number of banks domestic and international are all looking forward to a share of fee income which has shrunk considerably in the past three years. While global banks have been to stay because of the huge budgets and their ability to adapt to the changing business environment affected by more local banks with large exposure to real estate markets and business models stagnant.
Agencies
31
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