Macaskill on markets: FICC bonanza could soon be but a fond memory

Jon Macaskill is one of the leading capital markets and derivatives journalists, with over 20 years’ experience covering financial markets from London and New York. Most recently he worked at one of the biggest global investment banks

Goldman Sachs might well hit $25 billion of revenue for the year in its fixed-income, currency and commodities (FICC) group. JPMorgan could come close to $20 billion of comparable revenue and even beaten-down Bank of America and Citi will be at similar levels if they can avoid fourth-quarter trading mishaps.