Mixed results for US banks

Net revenue from the fixed-income, currencies and commodities (FICC) division of Goldman Sachs was up 4% in the third quarter, at $2.74 billion, from $2.63 billion in

Q3 2005. The bank said the figure reflected higher net revenues in commodities and mortgages but a weaker performance from the currencies business.

“Although FICC performed very well, the business operated in a less favourable environment, as customer-driven activity declined from the first half of the year and volatility levels

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