Possibly kassam BUT if so, someone will pick up a bargain.
After all, other Investment firms are making money.
So, the question for me is why can't BARC IB ?
Well , the IB said they couldn't make enough profit because the market wasn't volatile enough.
If they can't make a profit in this market, frankly they don't deserve to be in business.
Staley has been saying that for a few years kassam.
Meanwhile we are still waiting.
I suspect pressure from Bransom may encourage Staley to move quicker than he had planned though.
Let's not forget, Tiger are also in the frame.