US banks see declining Ficc revenues in Q3
Second consecutive quarter this year
US bank revenues for fixed income, commodities and currencies (Ficc) fell for the second consecutive quarter in the third quarter of this year, as market conditions remained challenging and banks refocused their business activities in response to regulatory changes.
Morgan Stanley experienced the greatest drop, with net sales and trading revenues for its fixed-income and commodities segment falling 41% to $583 million, from $997 million in Q3 2014. The firm cited difficult market conditions for
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