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Tuesday, 24 May 2016

UBS puts seven banks in the FICC firing line

The plot FICCens

The Swiss bank’s shares are up 20 pct since plans to cut back fixed-income emerged. That piles pressure on peers with subscale debt businesses. Credit Suisse and BNP can cling on. But RBS and Credit Agricole look under real pressure, followed by SocGen, Nomura and Morgan Stanley.

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