Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

BofA’s Meissner Sees Lower Margins for Banks, Handelsblatt Says

Feb. 21 (Bloomberg) -- Christian Meissner, head of Bank of America Corp.’s corporate-finance and investment-banking businesses, said banks will have to content themselves with pretax margins of 10 percent to 15 percent, Handelsblatt reported, citing an interview.

Lenders may have to accept margins of 8 percent to 10 percent during certain times and for certain parts of their operations, he said, according to the newspaper.

Investment-banking activities may migrate to Asia from Europe in the longer term because of tougher regulation, Meissner was quoted as saying.

To contact the reporter on this story: Cornelius Rahn in Frankfurt at

To contact the editor responsible for this story: Kenneth Wong at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.