UK and French banks report mixed bag of Q4s

BarCap's fixed-income, foreign exchange and commodities (FICC) business saw revenue decline compared with both the third quarter 2010 and the fourth quarter  2009. Its FICC revenues in the fourth quarter 2010 were £1.9 billion; a 29% fall from the same period in 2009 and a 2% fall from the prior quarter. According to BarCap, the drop in revenue reflects "lower contributions particularly from rates and commodities", while higher funding costs also led to declines in profit.

Meanwhile fourth

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