Bloomberg News reports that revenue from trading debt and currencies, the investment bank unit’s biggest component, rose to 20% to $1.9bn in the period through September, the company said in a statement on Thursday. That beat the $1.7bn average of eight analyst estimates compiled by Bloomberg.
The bank posted a loss of $6.56bn as stricter capital requirements reduce the value of its investment bank and the firm reserved funds for legal costs. Cryan, who became co-CEO in July, is clearing the way for his plan to shore up capital and increase profitability which he will present to investors in London on Thursday.
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