Not all banks benefited equally, though, as the ones relying more heavily on spread products like mortgage-backed securities and corporate bonds had to contend with a lukewarm performance compared to the year-ago period. At the same time, the overall improvement in industry conditions in Q1 2015 compared to Q4 2014 resulted in a significant gain in FICC revenues for each investment bank quarter-on-quarter.
Not all banks benefited equally, though, as the ones relying more heavily on spread products like mortgage-backed securities and corporate bonds had to contend with a lukewarm performance compared to the year-ago period. At the same time, the overall improvement in industry conditions in Q1 2015 compared to Q4 2014 resulted in a significant gain in FICC revenues for each investment bank quarter-on-quarter.
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