No really you mustn’t November 28, 2012 at 6:59 am

Don’t worry, I’m talking to myself about slightly risque puns based on FICC. You see, Citi research has an interesting view of the state of FICC:

State of FICC

The result for subscale franchises is withdrawal. Here’s their eloquent illustration of UBS’s current capital usage and their plan:

State of UBS

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