Goldman Sachs has extended its lead as the top bank in fixed income, currencies and commodities over the past three years, and US banks have overtaken their European rivals.

Goldman Sachs increased fixed-income revenues by 48% from the first half of 2007 to the first half of 2010, generating $11.8bn in the first six months of this year. It retains its top spot, ahead of Citigroup, which increased fixed-income revenues by 39%, reaching $9.1bn in the first half.