There has been little movement towards the top of the income tables, with Chinese and US banks maintaining their respective dominances. However, changes to individual banks’ sources of income paint a more interesting picture.
HSBC Holdings made the most impressive gains in trading income, recording a 29.04% increase on its 2015 results and climbing from sixth to third spot. Morgan Stanley also recorded an impressive 21.26% increase. On the flipside, French banks have taken a hit: compared to the 2015 rankings, trading income at BNP Paribas is down 33.72%, at Société Générale it suffered a 22.08% reversal and Crédit Agricole plummeted by 30.87%.
