Wall Street banks are poised to report a combined trading windfall exceeding $40bn for the first quarter, as escalating geopolitical tensions in the Middle East and renewed military activity in Venezuela fuel sharp swings across global financial markets, according to a report by the Financial Times.
The five major US lenders — JPMorgan Chase, Goldman Sachs, Morgan Stanley, Citigroup and Bank of America — are expected to post their strongest aggregated trading performance since at least 2014, acc...
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