FT News Briefing US investment banking expected to stay in the doldrums
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Jul 14, 2025 The U.S. investment banking sector faces an uphill battle, projected for its worst performance in over a decade. Meanwhile, the EU has delayed trade retaliations against the U.S., affecting market dynamics. In a compelling contrast, trading activities thrive amid recent volatility, while investment banking struggles under rising interest rates and uncertainty. Additionally, Greece’s remarkable recovery from economic turmoil reveals its growth potential, despite lingering challenges. The nuanced discussion highlights the ongoing evolution of both U.S. banking and the Eurozone.
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Wall Street's Split Performance
- Trading revenues are strong thanks to market volatility spurred by geopolitical tensions and policy uncertainty.
- Investment banking remains weak due to economic uncertainty, regulatory challenges, and higher borrowing costs.
Greece's 2015 Economic Somersault
- Greece's severe 2010 financial crisis led to three bailouts over eight years.
- Political shifts in 2015 forced acceptance of a third bailout, laying foundations for economic recovery.
Greece's Post-Bailout Reforms
- Greece's growth accelerated after 2019 under a center-right government.
- Key reforms included digital public sector transformation, tackling tax evasion, and cleaning the banking sector.