Commodities were a strong performer as other areas of banks' FICC units struggled
Commodity income at the world’s top ten
investment banks rose during the first quarter as fixed income
and equity derivatives earnings fell, according to a
The improved performance in commodities came after some of
the largest investment banks closed or sold their commodities
brokering units, citing regulatory pressures hurting
According to consultancy Coalition, quarterly commodities
revenue among the top banks increased year-on-year by 26% to
$1.8bn, and was the only asset class within FICC (fixed income,
currencies and commodities) to experience an increase as
clients revived their interest in the business.
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