Earnings from fixed income, currency and commodities fell below $70 billion
Investment bank revenue from fixed income,
currencies and commodities fell last year to its lowest level
since the financial crisis as bank earnings slipped below $70
billion, less than half their level in 2009.
FICC earnings by banks last year totalled
$69.4 billion, according a report by research firm Coalition,
comprising earnings of $39.6 billion in the first half and
$29.7 billion in the six months to year end.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.