BarCap reports further decline in FICC
FICC revenues at the UK bank fell 28% compared to the same period last year, when revenues were £2.7 billion, and 14% compared to the prior quarter.
To date, BarCap’s FICC top-line income for this year is £6.9 billion, a decline of 37% compared to the same period in 2009. BarCap said an improved performance in foreign exchange partially offset lower contributions from rates and commodities but did not break down its FX figures.
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