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Barclays leads fixed income trading revenues in strong first quarter performance
Barclays reported a significant surge in fixed income trading revenues, reaching €2 billion in Q1, marking an 82% QoQ and 21% YoY increase, though still 4% below Q2 2024's record. The bank's success was attributed to strong activity in rates, FX, and securitised products.BNP Paribas followed with a 4% YoY rise to €1.7 billion, while HSBC experienced a remarkable 240% QoQ increase, albeit with revenues of €468 million, placing it at the bottom of the pack. Other banks like UBS and Societe Generale also showed notable growth, with UBS reporting €589 million, up 55% QoQ.