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Is there any part of the financial industry that is growing?

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So me and my colleagues were discussing over lunch how things are generally worse off in the industry since its heyday.

Investment Banks face more regulations.
Equity research and S&T revenues are dropping (atleast for European banks)
Hedge funds and AM are seeing money move to passive funds

The only places growing seem to be PE and/ or FinTech (though very small right now)?

I was wondering what you guys think about the future of the industry as a whole and buy-side/sell-side?

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