Calyon reaps fixed-income rewards
PARIS - Fixed income (FI) delivered "excellence" in the first quarter for Calyon, with revenues reaching e897 million ($1.2 billion) in the bank's earnings release last week (May 14).
The FI revenues, which were negative by e3 million in Q1 last year, accounted for 78% of the total e1.14 billion from the capital markets and investment banking (CMIB) arm of the French group. The "solid business momentum" was attributed to the success of plain vanilla business, with the bank describing foreign
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