US banks’ Ficc earnings drop in Q3

Only Citi managed growth versus second quarter and Q3 2017

revenue-drop
On a slide: most US banks had lower Ficc revenues in Q3, compared with Q2 and last year

Amid subdued foreign exchange volatility in the third quarter of this year, most US banks saw their revenues from fixed income, commodities and currencies (Ficc) fall against both the second quarter and the corresponding period of 2017.

Citi, however, bucked the trend and managed to eke a marginal increase over both time periods.

With revenues of $3.2 billion in Q3, Citi topped the US bank Ficc revenue table, supplanting JP Morgan, which slipped into second place.

Buoyed by revenues from

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