The trickle of Q3 results continues with interim numbers released by Société Générale, BNP Paribas, Lloyds and, late in the week, RBS.
SocGen joined the trend to lament spread compression but reported results just 1.5% down on Q2: “In an environment marked by shrinking volumes and margin erosion, Fixed Income, Currencies and Commodities generated stable revenues of €656 million…This resilience was helped by the dynamism of the rates activity and the good performance of all activities on emerging underlyings.
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