Non-trading revenues at U.S. venues also rose in 2023, Fitch reports
Upfront spending weighs on banks' bottom lines, despite revenue growth
Central bankers face additional source of price pressure
Delinquencies, charge-offs rose in Q4 as financial stress intensified
Transition to be aided by expanding fiduciary requirements
Banks, insurers tend to benefit from higher rates even as financial stress builds, rating agencies say
Red Sea conflict not expected to cause oil price spike amid strong supply, softer demand
Declining net interest income and rising credit stress to weigh on results in 2024
Boosting defences to deal with vastly more powerful tech poses a challenge, Fitch says
Relaxing mortgage rules could help borrowers but also boost credit risks