US Commercial Banks Score Record Revenues in Q1 2000

NEWS

WASHINGTON--Trading revenue at US commercial banks rose 55 per cent during the first quarter to a record $3.8 billion. The biggest jump came in revenue from trading interest-rate related positions which went from $772 million to $1.7 billion during the quarter, according to the Office of the Comptroller of the Currency's Bank Derivatives Report for the First Quarter of 2000.

The notional volume of derivative contracts rose 8 per cent during the quarter to a record $37.6 trillion after a slig