Sector: Capital Markets 1Q12 update

Performance of the Top Investment Banks in the 1st Quarter 2012 Tricumen today publishes its Capital Market Results Update for 1Q12, comprising granular analysis of product revenue for the world’s leading Investment Banks.

Theme: Equity Derivatives in Asia ex-Japan

A Maturing Equity Derivatives Market in Asia ex-Japan The equity derivatives market in Asia ex-Japan is growing, and maturing.  Investors seek lightly structured, tailored product.  In our report we highlight 16 significant market segments, as defined by the size of clients’ ‘wallets’.   Successful banks appear to have a ‘balanced client portfolio’ across multiple segments, […]

Sector: Capital Markets FY11 update: Products & Regions

Our initial ‘Ground Europe’ 4Q11/FY11 Results Update, published on 18-Feb-12, outlined our high-level forecasts for what we believe will be the key areas in 2012. This report details FY11/FY10 product and regional revenue trends for 21 ‘Level 2’ products1.

Sector: Capital Markets 4Q11 update

Performance of the Top Investment Banks in 4th Quarter 2011 Tricumen today publishes its Capital Market Results Update for 4Q11, comprising granular analysis of product revenue for the world’s leading Investment Banks.

Tricumen Approaches: Corporate Coverage

Corporate Coverage: In this document we examine some generic models used by banks in the coverage of corporate clients.  Contact us for more details and data on the specific models used by individual banks and their effectiveness. The Tricumen Approaches series provides high level insights into issues such as: how banks organise themselves for a […]

Theme: Muni Market

Muni Market Resilience: why the sell side headcount matters In the not-too-distant past, various market observers predicted a wave of municipal bond defaults in 2011; the famous ex-bank analyst Meredith Whitney went further than most, expecting ‘hundreds of billions of dollars worth’ [of defaults] in the past year. This, of course, would have caused a […]

Banks: RBS restructuring

RBS restructuring plays on its strengths in capital markets Tricumen reviews the restructuring announced by Royal Bank of Scotland on 12 January 2012 and compares the bank’s profitability in the main FICC areas with those of Barclays Capital, BNP Paribas, Credit Suisse, and UBS.

Tricumen releases Vantage

Tricumen releases Vantage Tricumen is proud to announce the official release of its Vantage platform. Operating in an Excel-based environment, Vantage brings together the full range of Tricumen data: product-level operating revenue, headcount and costs, RWA and VaR for 12 key capital markets players. All financial data is available on quarterly basis and is fully […]

Theme: Revenue & VIX

Revenue & VIX Many of the banks we cover state ‘volatility’ (or the lack of it) as the reason for underperformance and/or higher cost of hedging. It would take a brave analyst to predict that ‘volatility’ will diminish anytime soon so we wonder: are any of ‘our’ banks unusually effective at generating revenue in these […]