European Ficc revenues paint mixed picture

Not all European banks benefited from the uptick in volatility following Brexit

balance sheet
European banks largely benefited from rising volatility, but some saw big falls

European banks mostly benefited from the increased volatility in currency markets in the wake of the UK's vote to leave the European Union, which boosted second-quarter results for the majority of institutions, similar to their US peers, which reported rising revenues in the fixed income, commodities and currencies (Ficc) businesses.

In the UK, the picture was mixed, as some of the country's largest banks reported diverse results. Barclays enjoyed a 7% revenue boost compared with the first

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