MS FICC = Sinking Ship?
What's going on at MS? FICC Q3 revenues look appauling at $841 million when every other bank so far (C, JPM, BARC, GS) reported $2 billion+ FICC revenues in the same quarter. Morever, MS even made more revenue in Equities than they did in FICC and I haven't heard of any bank doing that for the last 5 years. Any thoughts on what went wrong with MS FICC this quarter?