European bank Ficc earnings up quarter-on-quarter
But yearly revenues are down across the board
European banks began the year with robust revenue growth in their fixed-income, commodities and foreign exchange (Ficc) units, overturning the declines seen in the last three months of last year, but failing to reach levels seen at the start of 2015.
Among UK banks, RBS realised the biggest quarter-on-quarter leap, with its Ficc income rising 83% to £341 million ($497 million) in the first quarter of 2016, from £183 million ($267 million) in the fourth quarter of 2015, while its year-on-year
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