A round-up of the key stories across the specialist financial media, including news that global investment banking revenue is projected to shrink by 4% in 2012.
Global investment banking revenue to drop 4%
Investment-banking revenue will drop by about 4 percent this year, JPMorgan Cazenove analysts wrote in a note to clients.
UniCredit and its former chief executive have won the dismissal of the most serious claims filed against them by the trustee seeking compensation for victims of Bernard Madoff.
Goldman Sachs has cut its 12- month prediction for commodity returns, while forecasting gains for crude oil and gold and keeping an “overweight” allocation in raw materials.
