Morning Scan: Q1 Looks 'Grim' for Banks; ABA Wants Rate Hi...

Wall Street Journal

Financial firms are using words such as "grim" to describe the trading environment during the first quarter, typically a very active period on Wall Street trading desks. Some analysts predict Wall Street's five biggest banks will report trading revenue of $19.1 billion for Q1, down 16% from a year ago. They see the quarter mirroring the discouraging final months of 2015, when worries over economic growth and commodities prices caused trading activity and...