US Banks Report Improvements In 1996 MM Trading Revenues
BANKS
US banks reporting 1996 trading revenues for interest rate products generally showed gains for the year overall, but most showed slower fourth quarter performance than the year earlier period. JP Morgan reports the largest gains from fixed income trading activities, $1.M billion; however, gauging bank results in terms of interest rate products differs from institution to institution, making it difficult to judge which banks were the most profitable in this category.
JP Morgan reports fixed
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