US banks see sizeable Ficc revenue increases in Q1 2016
Quarter on quarter revenues were higher, but substantially down from those of Q1 2015
US banks saw their revenues for fixed income, commodities and currencies (Ficc) substantially increase in the first quarter of 2016 compared with the fourth quarter of 2015, with Bank of America Merrill Lynch (BAML) seeing growth of more than 50%.
However, this quarter's returns were somewhat subdued when compared with those of the corresponding quarter of 2015.
BAML's Ficc revenues in Q1 jumped 54% to $2.4 billion from $1.6 billion in the fourth quarter of 2015 and remained flat compared with
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