The awful December suffered by investment banks has been laid bare by data showing Deutsche bank lost money on a majority of days in the month and ubs, hsbc and bnp paribas all had their worst trading days of 2018 in the final week. UBS's trading desk lost about US$40m on December 31, HSBC lost US$50m the day before, and Deutsche lost money on 11 of the 21 trading days during the month, according to analysis of the trading data by IFR. US banks also suffered in the last weeks of the year, although their losses are harder to quantify.
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