Deutsche takes the top spot for FX in Q3
UBS, Citi, Goldman Sachs, JP Morgan, Bank of America Merrill Lynch, Morgan Stanley, BNY Mellon, State Street and Credit Suisse all reported falling Q3 year-on-year foreign exchange revenues (FX Week, October 21).
But Deutsche's sales and trading net revenues, which include FX, were €2.2 billion versus €2.1 billion in Q3, 2009 and 5% higher than the previous quarter. The bank said: "Foreign exchange recorded strong results with higher revenues than in the prior year quarter," but declined to give
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