FICC Revenues Plunge At European Banks

Revenue from fixed-income, fx and commodities trading at European banks is expected to plummet 35-40% in the latest round of earning reports compared with a year earlier, reports Financial Times.

Revenue from fixed-income, fx and commodities trading at European banks is expected to plummet 35-40% in the latest round of earning reports compared with a year earlier, according to analysts. In the wake of the financial crisis banks had enjoyed healthy revenue flows from trading, but volumes dropped sharply last year amid the European sovereign-debt woes and a slow economic recovery.

Click here to read the story from The Financial Times