Commodities revenues for the world’s top ten banks fall again in 2013
Commodities revenues for the worlds top ten banks fell by
a further $1bn in 2013, reinforcing recent moves by large banks
to exit or cut back on operations in the once lucrative
asset-class, writes Jonathan Watkins.
Revenues for the fiscal year 2013 were $4.5bn,
down almost 20% from the previous year, representing the second
consecutive year of declining profits.
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