European Ficc earnings bounce back in Q1, FX subdued
Nearly all banks saw quarterly Ficc income rise in double digits on increased client activity
European banks’ revenues from fixed income, currencies and commodities (Ficc) made a strong comeback in the first quarter of 2019 compared with the previous quarter on the back of improving market conditions and increased client activity. Yearly results were more mixed, however, as just over half of banks experienced growth between Q1 2018 and Q1 2019.
While nearly all banks reported double-digit, quarter-on-quarter growth, BNP Paribas saw its Ficc income more than double in the first three
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