Commercial banks reported total trading revenue of $7.1 billion in the third quarter of 2018, up 2.7 percent from the second quarter, according to the OCC’s Quarterly Report on Bank Trading and Derivatives Activities released today. The figure was up 1.7 percent year-on-year. The net current credit exposure decreased 1.4 percent to $356.6 billion, the report said.
ABA urges lawmakers to take up Dodd-Frank reform
ABA shared several possible reforms for the Dodd-Frank Act as the law approaches the 15th anniversary of its enactment, saying changes are needed to mitigate its burdens on banks of all sizes.