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Top banks' 2019 commodities revenue climbs 11% -consultancy Coalition

by Bette Townley (2020-08-15)


LONDON, Feb 21 (Reuters) - Commodities-related revenue at the world's 12 biggest investment banks gained 11% last year compared to 2018 due to buoyant oil and metals trading, consultancy Coalition said on Friday.

KIEV, March 23 (Reuters) - Ukrainian grain exports from sea ports rose to 1.178 million tonnes in the week of March 14-20, from 933,000 tonnes a week earlier, preliminary data from the APK-Inform consultancy showed on Monday.

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(Reporting by Pavel Polityuk; Editing by Aditya Soni) Grain exports jumped to about 43.4 million tonnes so far during the 2019/20 season that ends in July, from 31.5 million tonnes during the same period in 2018/19, the consultancy said.

(Reporting by Eric Onstad; editing by David Evans) The 12 banks Coalition tracks for its quarterly reports are Bank of America, Barclays, BNP Paribas , Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, APJ Solicitors HSBC, JPMorgan , Morgan Stanley, Societe Generale and UBS.

(Reporting by Pavel Polityuk; Editing by Christian Schmollinger) The consultancy said grain exports jumped to about 41 million tonnes so far during the 2019/20 season that ends in July, from 29.3 million tonnes for the same period in 2018/19.

KIEV, March 10 (Reuters) - Ukrainian grain exports from sea ports rose to 1.28 million tonnes in the week of Feb. 29 to March 6, from 977,000 tonnes a week earlier, preliminary data from the APK-Inform consultancy showed on Tuesday.

Commodities revenue had been on a steady downward trajectory since the global financial crisis as heightened government regulation and poor performance made the top banks shrink their commodities businesses, peaking at $15.9 billion in 2008, according to Coalition.

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