US bank Ficc revenues rebound in Q1
US banks saw triple-digit growth in Q1 compared with Q4, but Ficc revenues remained lower than a year ago
Despite continued geopolitical uncertainty in some of the world’s largest financial centres, all US banks reporting saw sales and trading revenues from fixed income, commodities and currencies (Ficc) rebound in Q1 2019, compared with the challenging environment they faced in Q4 2018.
Morgan Stanley and Goldman Sachs led the pack, registering quarter-on-quarter growth of 203% and 123% respectively. The average growth stood north of 100%.
The significant Ficc growth in Q1 2019 comes on the back
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