Global markets revenues dropped 17% to US$2.0 billion year-on-year (YoY) 'with lower derivatives & solutions and execution services revenues partly offset by an increase in financing revenues'.

Derivatives & solutions revenues dipped 29% to US$1.0 billion driven by a decrease in equity derivatives and FX revenues due to lower levels of client activity and volatility, partly offset by an increase in credit revenues. As an issuer group, the Swiss bank has marketed over 30,000 products globally in Q1 23 with an estimated sales volume of US$9.6 billion which reflects a significant year on year decrease in issuance and a slight fall in sales (Q1 2022: 46,993 products /US$9.2 billion) b

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