Banks hit as commodities revenues hit pre-crisis low
Commodities revenues at the major global investment banks fell to their lowest level in more than a decade during the first half of the year, a period that also proved a big challenge for FX traders. (FN)

Allianz launches funds with performance-linked fees
Allianz Global Investors, which oversees more than $500bn in assets, is launching new funds that will collect a management fee from investors only if they beat their respective benchmarks. (FT)