FICC teams worked tirelessly to assist clients in their efforts to effectively hedge their risk exposures by creating customized derivative-based and other structured solutions.

In addition, FICC maintained its commitment to being an active market-maker in a broad variety of products, thus providing market liquidity and facilitating client trades.

These activities demonstrated that, even in the most volatile of times, our clients can look to us to meet their varied needs.

FICC's commitment to its clients drove record net revenues and strong performances across many of its businesses.