Morning Scan: Silicon Valley Bank's Enviable Spot; Currency Vol...

Wall Street Journal

Volatility in currency markets should give a boost to banks' first-quarter earnings. Currency market volatility rose 18% from Jan. 1 to mid-March, according to Deutsche Bank. However, not every bank will glean a benefit from the currency volatility. Citigroup is expected to report a decline in trading revenue because of its exposure to the Swiss franc. The irony is that JPMorgan Chase, Citigroup and others remain at the center of government probes into...