US Investment Banks Report Solid Q2, Continuing Strong Performance In FX
NON-BANKS
Most US investment banks reporting second quarter earnings are again showing strong results. Investment banks don't traditionally break out foreign exchange trading revenues, but sources in the market say earnings reflect positive results in this sector.
Merrill Lynch reports record net revenues of $4 billion for the period, with record quarterly revenues achieved in principal transactions (which includes FX and other trading product revenues), investment banking and asset management and
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