Top European banks see Q1 Ficc revenues fall
A trickle of first-quarter results began last week, with Deutsche Bank, Barclays Capital, UBS and Credit Suisse all reporting some fall in their fixed income, currencies and commodities (Ficc) revenues, compared with the same period in 2010. Declines were attributed to a range of factors.
Deutsche Bank's net revenue in sales and trading for debt and other products in the corporate and investment bank fell by 4% to €3.6 billion in the first quarter, compared with the first quarter of 2010.
"Many
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