June - Top three make biggest earnings gains

While the industry has got used to hearing about the dominance of the top five or 10 institutions, the survey revealed that earnings power is now growing fastest among just the three biggest players -- Citigroup, UBS and Deutsche Bank.

For fiscal 2002, those three banks earned 31% of the total revenues of the top 30 banks in FX -- for the past five years, the top three’s proportion of top-30 earnings has been stable at around 26%--27%.

Each bank in the top three also saw upticks in year-on-y