Fueled by continued concern over Asian economies, banks' derivatives revenue soared to a record $2.7 billion during the first quarter, the Office of the Comptroller of the Currency reported Monday.

The derivatives business rebounded strongly from the fourth quarter, when losses on equities trading and emerging market debt caused revenue to plunge 52%, to $1.2 billion.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.