US G-Sibs’ trading revenue ebbs to four-quarter low
Credit and rates income slump as Citi posts the sharpest decline
US systemic banks’ aggregate trading revenue fell 29.8% in the fourth quarter of last year, the lowest since Q4 2024.
Mark-to-market and incidental revenue from trading book instruments totalled $22.8 billion across the eight banks, down from $32.5 billion in Q3 and the least since the $18.9 billion total recorded at the end of the year before. Citi’s figure fell the most, slimming by $3.5 billion
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