European banks up in third quarter
Third quarter revenues from the fixed income, rates and currencies division of UBS were up 25% over Q3 last year, reaching Sfr2.108 billion. The result also represents a 20% increase over the second quarter of the year.
“Despite increased uncertainty and volatility in the market, revenues in the rates business were up year on year,” said a spokesperson at the bank.
The foreign exchange and cash and collateral business benefited from increased client volumes in most segments, and improved foreign
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