Q4 Ficc revenues drop for US banks
Firms also experienced falling revenues last year, amid challenging conditions
US banks' revenues for fixed-income, commodities and currencies (Ficc) fell in the fourth quarter of 2015, amid challenging market conditions, with most also experiencing a drop in yearly revenue.
Bank of America experienced the largest decrease in Q4, with net income down 77% to $185 million, from $821 million in Q3, while year-on-year the bank's net income fell 8% to $2.5 billion in 2015, from $2.7 billion.
Goldman Sachs saw its net quarterly revenues slide by 23% to $1.1 billion in Q4, from
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