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Trading incomes drop heavily at world’s biggest banks

Many of the world's largest banks have seen their trading income fall in 2011, with only two – Morgan Stanley and JPMorgan – avoiding this fate.
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Trading income at some of the world’s biggest banks dropped substantially in 2011. In last year’s Top 1000, 11 banks made trading income of more than $7bn. This time, the figure is just five.

Morgan Stanley and JPMorgan were two of the few banks to buck the trend. The former saw its trading income rise 28% to $13.3bn, making it the world’s most profitable bank by that measure. JPMorgan made trading income of $10.9bn, up 16% from the year before.

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