Top players and financial service firms side-step Q1 revenue slides
NEWS
LONDON -- A raft of first-quarter FX trading results, announced last week, bore out the trend reported so far of reduced year-on-year revenues on the back of lower market volatility.
The volatility drought -- which is now clearing (see related story, this issue) -- hit the mid-tier banks hardest, while the largest global players continue to avoid the higher percentage drops. Deutsche Bank last week reported foreign exchange, precious metals and commodities trading revenues down 4% to e397
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