BNPP shares Europe’s FICC uplift

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By Jasper Cox
02 May 2019

BNP Paribas recorded a sharp rise in revenue in its fixed income, currencies and commodities trading (FICC) operations during the first quarter, it said on Thursday. Other European investment banks have registered relatively good scores on this front so far this reporting season, with the exception of Deutsche Bank.

FICC revenues jumped by 29% to €1.04bn versus the first quarter of last year at the French bank. This figure would be 32% when discounting the effect of a €31m transfer from the FICC line to corporate banking, as part of a new capital markets platform created by ...

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