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Rates, weak forex cut into trading revenue at U.S. banks: OCC

Business & Finance : Business Insider: Money Game

(Reuters) - Insured U.S. commercial banks earned 28.1 percent less in trading revenue in the second quarter compared with first quarter, squeezed by low interest rates and weak currency trading, the Office of the Comptroller of the ...

JPMorgan Shrugs Off Brexit With $6.2 Billion Profit As Trading Revenue Surges 13%

Business & Finance : Forbes: Business

JPMorgan Chase shrugged off June's Brexit vote, posting better than expected second quarter earnings results, led by stronger than forecast trading activity and continued growth at the bank's consumer business.

Wall Street bonuses likely to plunge as trading revenue drops

Business & Finance : Business Insider: Money Game

By Olivia Oran NEW YORK (Reuters) - Wall Street bankers and traders are likely to get smaller bonuses this year as trading revenue plunges. Goldman Sachs said on Thursday that it set aside 16 percent less money for compensation in t...

BofA, Citi Expect Lower Trading Revenue In Fourth Quarter

Business & Finance : Business Insider: Money Game

(Reuters) - Bank of America Corp and Citigroup Inc said they expected weaker trading revenue in the fourth quarter. BofA's sales and trading revenue are expected to fall from both the third quarter and a year earlier, the bank said ...

JPM Warns Trading Revenue To Tumble 20% In Q3, May Halt Trading Revenue Guidance

Business & Finance : Zero Hedge

Yesterday it was Citi's turn: Citigroup CFO Brian John Gerspach warned that the bank's markets revenue in the third quarter which is ending in less than three weeks, will be down 15%, as the third quarter "is lacking the volatility ...


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