Revenue growth across major business segments was outpaced by rising costs
Fitch says Wall Street giant is seeking stability in retail fee revenues
The tech sector is driving the increase
More severe downside scenarios will lead to larger capital buffers, Fitch says
Central banks' pivot could test markets' resilience
Unlike past episodes, strong recovery not likely to reignite world economy, Fitch says
Transition risk, rather than physical risk, will be the focus
Already up, defaults are expected to reach historic norms in 2023
Restructuring effort still a challenge, as major business lines grapple with revenue, profit headwinds
Elevated redemptions from illiquid funds highlight possible suitability risks, Fitch says