Commodities Revenue of Top 10 Banks Fell 25 Percent in First Half

Monday, 05 Aug 2013 09:03 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Commodities revenue at the 10 largest banks fell 25 percent in the first half of the year, according to analytics company Coalition.

Revenue fell to about $2.7 billion from $3.6 billion in the same period last year, Coalition said in an e-mail today.

“This was mainly due to lower client activity and lack of volatility,” Coalition said. “On a relative basis, investor products and power and gas had the largest decline.”

© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
You May Also Like
Around the Web

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved