FX weighs on banks' trading revenues in Q3 2016

OCC report finds a fall in FX and interest rates lowered banks' trading revenues, but they still performed better than in 2015

falling-coins-getty
Falling down: banks' trading revenues experience a slide

Trading revenues at US banks slipped by nearly 9% in the third quarter of 2016, spurred by declining earnings in foreign exchange and interest rates, according to a quarterly report on bank trading and derivatives by the Office of the Comptroller of the Currency (OCC).

The $6.4 billion in trading revenue reported by banks for Q3 2016 was $600 million (8.6%) lower than in Q2. However, this was $1.1 billion higher than in the corresponding period of 2015, marking a 20.8% increase.

"Combined

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: