OCC reports strong first quarter for US trading revenue
Commercial banks and savings institutions see 72% rise
This year's first-quarter trading revenues at US commercial banks and savings institutions were the fifth-highest on record, showing an increase of 72% since the last three months of 2014 to total $7.7 billion, according to the Office of the Comptroller of the Currency's (OCC) Quarterly Report on Bank Trading and Derivatives Activities.
Trading revenues also increased on a year-on-year basis, surging 24% to be $1.5 billion higher this year, the OCC said. On a quarterly basis, revenues rose $3.2
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