FX weighs on banks' trading revenues in Q3 2016

falling-coins-getty — Falling down: banks' trading revenues experience a slide

- By Laura Matthews
- 06 Jan 2017

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Trading revenues at US banks slipped by nearly 9% in the third quarter of 2016, spurred by declining earnings in foreign exchange and interest rates, according to a quarterly report on bank trading and derivatives by the Office of the Comptroller of the Currency (OCC).

The $6.4 billion in trading revenue reported by banks for Q3 2016 was $600 million (8.6%) lower than in Q2. However, this was $1.1 billion higher than in the corresponding period of 2015, marking a 20.8% increase.

"Combined

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@fx-markets.com

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@fx-markets.com