Citi takes hit in rates and currencies
Citi reported fixed-income revenues of $1.48 billion, a 12% drop from Q4, 2009 and a 58% decrease from Q3, 2010. The bank said it saw a weaker performance in market-making activities, mainly in its G-10 rates and currencies business, but also lower revenues across securitised products, municipals and credit products.
JP Morgan reported fixed-income revenues of $2.9 billion, a fall of 7% from Q4, 2009 and an 8% decrease from Q3, 2010. An internal source said fixed-income revenues had decreased
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