European banks report tough Q3 in Ficc
Barclays Capital, Credit Suisse and BNP Paribas all reported last week that revenue in fixed income, currencies and commodities (Ficc) fell during the third quarter, but foreign exchange might have boosted revenues in some cases.
Barclays Capital's revenue in Ficc declined to £1.4 billion in the third quarter, representing a 37% fall from the same period in 2010 and a 16% fall from the second quarter. But the bank said the fall in revenue reflected lower contributions from the credit
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