US banks see declining Ficc revenues in Q2
Only Morgan Stanley highlights strong currencies business
Revenues for the fixed income, commodities and currency (Ficc) businesses of US banks fell in the second quarter, with the exception of Morgan Stanley, which experienced higher sales and trading revenues, primarily due to foreign exchange and rates.
Morgan StanleyMorgan Stanley saw net sales and trading revenues for its fixed-income and commodities segment grow to $1.3 billion from $1 billion in the second quarter of last year, while total net revenues climbed to $9.7 billion from $8.6 billion
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