Investment banks post record Q2 revenues
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Bear Stearns, Lehman Brothers and Goldman Sachs all posted record net revenues from their fixed-income businesses for the second quarter last week.
Net revenues from the fixed-income business of Bear Stearns surged 45% to a record $1.2 billion, from $808 million in the second quarter of 2005. The bank pointed to interest rate derivatives and foreign exchange producing record net revenues that contributed to a record quarter in the interest rate products area.
David Schoenthal, senior managing
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