(Bloomberg) — The world’s banks are on track to report the lowest revenue from foreign-exchange and rates trading since the pandemic, hit by tighter margins and a challenging macroeconomic backdrop.
Over 250 firms including Goldman Sachs Group Inc. (GS), JPMorgan Chase & Co. (JPM), Citigroup Inc. (C) and Morgan Stanley (MS) are forecast to make a total of $32 billion from trading of Group-of-10 rates and $16.7 billion from currencies, according to data collected by Coalition Greenwich. That’s about 17% and 9% less than last year, respectively.
https://finance.yahoo.com/news/wall-street-macro-traders-head-020000868.html