The coronavirus-fuelled trading bonanza in the first quarter gifted banks with a surge in sales and trading revenues. But US giants like Goldman Sachs won out more than their peers in Europe.
In the first quarter, large Wall Street investment banks took 66% of all sales and trading revenues, according to figures from data provider Coalition — their biggest ever market share. It's another sign that the pandemic is speeding up a trend that's been afoot for years.
