Third-quarter FX revenues slide further at banks
G10 foreign exchange continues its two-year decline amid low volatility
Revenues from the sales and trading of G10 currencies among the world’s largest investment banks fell yet again in the third quarter, continuing the downward trajectory that began in early 2016, according to a Coalition Index report on quarterly investment banking earnings.
Third-quarter G10 foreign exchange income stood at $1.7 billion – down 5.5% from $1.8 billion in the previous quarter, and 22.7% lower compared with the same time period of 2016, when revenues from the world’s most liquid
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