Commercial banks reported total trading revenue of $8.2 billion in the first quarter of 2018, up 62.8 percent from the fourth quarter of 2017 and 15 percent from the year before, according to the OCC’s Quarterly Report on Bank Trading and Derivatives Activities today. The net current credit exposure increased 10.2 percent to $371.1 billion, the report said. The notional amount of derivatives banks held in the fourth quarter increased by 18.5 percent to $203 trillion.
OCC’s Gould defends agency actions on federal exemption, charter approvals
As more states weigh laws to restrict interchange fees, the OCC will continue to defend federal preemption in courtrooms "as appropriate," Comptroller Jonathan Gould said. He also defended the OCC’s decision to grant national trust charters to entities...








