Goldman "fires on all cylinders"
The bank’s fixed income, currencies and commodities group was up 9% to $2.1 billion for Q1, in what the bank termed a "favourable environment characterised by low interest rates, a steep yield curve narrow credit spreads and volatile markets."
Bob McTamaney, co-head of global FX at Goldman Sachs in London said: "FX revenues fired on all cylinders both regionally and by product line. Our G10 trading, derivative and emerging markets businesses are up substantially year-on-year on the back of higher
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