French banks report fixed-income revenue falls in Q1
BNP Paribas and Société Générale Corporate & Investment Banking (SG CIB) reported lower revenues in their fixed-income divisions for the first quarter of the year.
BNP Paribas's fixed-income revenue, which includes foreign exchange, fell to €1.6 billion from €1.9 billion in the first quarter of 2010. SG CIB's income in fixed income, currencies and commodities (Ficc) fell by 9% in the first quarter to €713 million, compared with €779 million in the first quarter of 2010. The bank attributed the
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