When it comes to adapting to a rapidly evolving investment environment, the big banks can’t catch a break these days. It’s no secret that a wave of tech-enabled innovation has thrown a wrench in Wall Street’s traditional securities trading model, compressing margins and allowing non-bank players to take a bigger piece of what once was a very lucrative pie. Couple that with historically low interest rates that are only getting lower, and you have revenues that have hit post-recession lows, forcing firms to take a hatchet to their head counts. The disruption shows no signs of abating. On Thursday, it emerged that The ... (full story)