G10 FX revenues hit two-year highs – Coalition
The first quarter of 2018 saw a reversal of revenue contraction seen in the last two years, with profits up 20%
G10 foreign exchange revenues at the 12 largest investment banks have hit their highest levels for two years. Profits rose in the first quarter of this year, as a result of increased volumes and an uptick in strategic corporate solutions activity, data from the Coalition investment banking index shows.
Following two years of declines, revenues from currencies trading stood at $2.2 billion, up 20% compared with the first three months of 2017. Still, this year’s performance was weaker than the
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