Return of the vol: FX trading boosts banks' first quarter revenues
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LONDON (Reuters) - Coronavirus-driven market panic restored the appeal of banks' unloved currency trading divisions in the first quarter and volatility looks set to benefit them for months to come.The four biggest banks on either side of the Atlantic accrued nearly $29 billion(23.76 billion pounds) in revenue from trading bonds, currencies, commodities and equities in the first quarter -- up by a quarter from a year ago. Equity trading and bond sales were exceptionally strong at most banks, but..