Traders at major European banks were outpaced by their Wall Street rivals during the third quarter as the continent’s lenders grappled with a less volatile environment.

Barclays, BNP Paribas, UBS, Deutsche Bank and Societe Generale generated about $12bn in combined markets revenue between July and September, according to a 

European banks’ $12bn third quarter trading haul lags Wall Street gains

The fallout of market swings triggered by US tariffs has played out differently on either side of the Atlantic

Lars Mucklejohn

Banking

Earnings