罗兰贝格：企业及投资银行展望2013年夏季（英文，24页

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Finance segments experienced some growth, driven by emerging markets, but the capital markets and commercial banking remained cautious, according to the study by our Financial Services Competence Center, "CIB Outlook Summer 2013 – Learning to prosper in a continuously uncertain world".

Roland Berger's analysis, conducted jointly with Nomura bank, identifies a reversal in fixed income (interest and currency, or asset swaps) in the first half of 2013, following good performance in 2012.

For late 2013 and 2014, we expect to see stabilization of fixed income, a slight recovery in the shares segments and growth in commercial banking, driven by debt capital markets and, to a lesser extent, by the expected recovery of primary shares and mergers & acquisitions.