European banks see Ficc revenues slip in 2017
In contrast to robust trading activity in 2016, Ficc trading fell across the board
Low volatility and lacklustre client activity pounded European banks’ fixed-income, commodities and foreign exchange revenues in 2017, with fourth-quarter figures dipping more than 27% on average year-on-year.
Of all the European banks, UBS fared the worst and experienced a 37.6% decrease over the year, with Q4 revenues at $276 million, compared with $442 million in the last three months of 2016.
Barclays followed close behind with a drop of 36.7%, from $701 million to $444 million.
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