FICC is one of the main Divisions in an Investment Bank. What does FICC stand for? Other

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FICC is one of the main Divisions in an Investment Bank. What does FICC stand for? Other than during 2007 and 2008, how does this division typically rank from a profitability point of view, compared to other Divisions? What happened during these two years, and which part of the FICC Division was most responsible for this outcome?

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