European banks see full-year Ficc revenues rise
Majority of European banks saw rising Ficc revenues in 2015, but fourth-quarter results disappoint
Revenues in the fixed income, commodity and currency (Ficc) business inched higher for the major European banks in 2015, aside from Credit Suisse, RBS and Standard Chartered, which saw their revenues decline compared with 2014, in a turbulent and volatile year for foreign exchange.
But while full-year results showed growth, the last quarter of 2015 disappointed all the major players. At the same time, some of the institutions have been forced to pay out hefty fines for benchmark-related
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