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Profitability among participating firms fell by 61%
The investment management sector has suffered an 18-month decline in profitability, according to the Q1 2019 CBI/PwC Financial Services Survey, marking its longest period of decline since 2001/2002.
The report found that during Q1, profitability among participating firms fell by 61% while volumes of business decreased by 80%. Meanwhile, overall optimism fell by 22%. The research team at PwC said...
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