The news for banks, broker-dealers, and other large financial-services firms is not good for 2016.
In fact for some firms, the first quarter of 2016 proved to be the worst since the financial crisis of 2007-2008.
A number of issues are causing trouble for the group, including economic growth in China, low oil prices and weak interest rates, not to mention continued market volatility. And many banks are struggling to improve their fixed-income results, as well as proprietary trading.
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Janet Levaux
Editor-in-Chief Janet Levaux has covered the financial markets since 1991, with a focus on financial advisors since 2005. After graduating from Yale and the Johns Hopkins School of Advanced International Studies (SAIS), where she studied global economics, Janet worked as a freelance financial and business writer in Japan, and then as a reporter and editor for Investor's Business Daily and the Bay Area News Group in California. She earned an MBA in 2007 and since then has helped lead key ThinkAdvisor projects like its Neal-Award winning reporting on Ken Fisher, Luminaries awards program and Women in Wealth newsletter.
