Forex trading down in US
WASHINGTON, DC - US banks' revenues from foreign exchange cash and derivatives reached $2.13 billion in the second quarter, slumping 13% over the previous quarter, according to the US Office of the Comptroller of the Currency's (OCC) September quarterly report.
Overall cash and derivatives trading revenues plummeted 47% during the period, to $5.2 billion, also drawn down by a 127% drop in equity revenues, which posted losses of $279 million. Revenues were also affected by an 88% drop in income
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