Leading Banks Expected to See Decline in Currency and Foreign Exchange Trading Revenues

Forex - Global banks are on track to report the lowest revenue from foreign exchange and currency trading since the pandemic, impacted by tighter margins and challenging macroeconomic conditions. According to data collected by Coalition Greenwich, it is expected that more than 250 firms, including Goldman Sachs Group Inc., JPMorgan Chase & Co., Citigroup Inc., and Morgan Stanley, will earn a total of $32 billion from G-10 currency trading and $16.7 billion from currencies. These figures represent decreases of approximately 17% and 9% compared to last year, respectively.