US banks’ trading edge slips in 2018
US banks suffered more loss-making trading days in 2018 than 2017, with the fourth quarter proving especially bruising.
The eight global systemically important banks (G-Sibs) averaged 117 loss-making trading days last year – 46% of the total, and up from 111 (44%) in 2017.
In the last three months of 2018, the average number of loss-making days was 38, up from 26 in the prior quarter and 35 in Q4 2017. There were 252 trading days in 2018, with an average of 63 loss days per quarter.
The 11
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