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Commodities revenue at top 10 banks declined 18pct last year

Posted on 20 February 2014

Commodities revenue at the 10 largest investment banks dropped 18 percent last year, according to analytics company Coalition Ltd. Revenue dropped to $4.5 billion from $5.5 billion in 2012, Coalition said in an e-mailed report. In November, the company anticipated a 14 percent drop in revenue.
“Revenues continued to decline, affected by a depressed client environment and low volatility,” Coalition said. “In 4Q13, performance in U.S. power and gas was particularly weak.”……………………………………….Full Article: Source


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