OCC: Trading Revenue Plummets in Fourth Quarter

Commercial banks reported total trading revenue of $5 billion in the final quarter of 2017, down 21.2 percent from the third quarter and 16.1 percent from the year before, according to the OCC’s Quarterly Report on Bank Trading and Derivatives Activities. The net current credit exposure fell by 3.2 percent to $337.1 billion, the report said. The notional amount of derivatives banks held in the fourth quarter fell by 8.7 percent to $172 trillion.