US banks see fewer daily trading losses than foreign units

The US units of foreign dealers reported more loss-making trading days than large domestic banks over the last year.

The average number of trading days where a loss was recorded across the eight systemically important US bank holding companies (BHCs) in the 12 months to end-June was 113. The corresponding figure for the eight largest intermediate holding companies (IHCs) of foreign banks was 140.

There were 257 trading days over this period, meaning the average IHC reported trading losses on 5