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US trading revenue gains come with a risk warning

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S&P Global analysts have warned that global banks’ financing of market makers is increasing profits but also ratcheting up risk – while US banks’...

Mixed results at dealers as rates and FX power US Q4...

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JPMorgan had the largest fixed income, currencies and commodities (FICC) revenues amongst US banks at US$5.4 billion for the last quarter of 2025 with Goldman showing the strongest year on year growth on rates and FX trading. Citi and BofA FICC results were...

While rates trading hummed in Q3, “cockroaches” hide

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Jamie Dimon, CEO at JP Morgan, warned that recent corporate blow-ups may presage wider credit issues: “When you see one cockroach, there are probably...

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