| Commodities revenue at the top 10 investment banks slid by 28 percent in the first quarter after power and gas activity returned to normal levels after last year's jump, a consultancy said on Wednesday.
Revenue earned by leading banks from commodity trading, selling derivatives to investors and other activities in the sector declined to $1.6 billion in the first three months of the year compared to the same period of 2014, London-based financial industry analytics firm Coalition said. "Revenues declined due to the absence of one-off gains in power and gas. This weakness was partially offset by an increase in oil trading results," Coalition said...............................................Full Article: Source
|