Wall Street’s Big Three have generated $52 billion in equity trading revenue this year, capturing about 80% of the market on rising margin lending to hedge funds.
Debt, AI and Ukraine dominated the conversation at the IMF-World Bank meetings in Bangkok, while China, the focus in 2018, slipped into the background.
With $5 billion already deployed off its balance sheet, JPMorgan Chase is racing ahead on direct investments in defense tech, hardware and supply chains.