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Research On Wall Street Takes A Hit

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The world's largest asset managers are deciding to absorb millions in research costs ahead of the implementation of European market reform. Firms would face daunting compliance challenges and lose a competitive edge if they decide to pass the costs on to clients instead. That's pushing research managers to slash their budgets for third-party research, with Credit Suisse predicting a 50% drop in research spend. That spells bad news for stock analysts across Wall Street and could result in layoffs across the industry.

Added on the 14/10/2017 14:19:36 - Copyright : Wochit

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