Banks' fourth quarter trading revenue falls 66 percent# Stock
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NEW YORK (Reuters) - Trading revenue at U.S. commercial banks fell 66
percent in the fourth quarter, the Office of the Comptroller of the Currency
said on Friday, as uncertainty over pending derivatives legislation added
to a seasonal slowdown in trading.
Revenue fell to $1.9 billion from $5.7 billion in the third quarter as banks
also adjusted the credit-related value of derivatives payables and
receivables, which are recorded as part of trading revenue, said the OCC,
the top U.S. regulator for
percent in the fourth quarter, the Office of the Comptroller of the Currency
said on Friday, as uncertainty over pending derivatives legislation added
to a seasonal slowdown in trading.
Revenue fell to $1.9 billion from $5.7 billion in the third quarter as banks
also adjusted the credit-related value of derivatives payables and
receivables, which are recorded as part of trading revenue, said the OCC,
the top U.S. regulator for