HSBC Global Markets Division Posts YoY Gains, FICC Rises 2%

[kreslik.news]

HSBC’s Global Markets division has posted a solid quarter despite industry-wide headwinds. A number of investment banks have already reported significant declines in revenue this year due to low volatility. Fixed income and currencies have been particularly hard hit in an environment of continually compressing client activity.

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Adjusted revenues at the Global Markets division increased by 7 percent to $5.4 billion. Trading at the Fixed Income, Currencies and Commodities unit generated $4.4 billion which is higher by 2 ... (read more)