Stung by the recession in Southeast Asia, bank revenue from securities trading plunged 52%, to $1.2 billion, in the fourth quarter, the Office of the Comptroller of the Currency announced Wednesday.

The drop from the third quarter was primarily "a result of volatility, notably in the Asian markets," said Michael L. Brosnan, OCC's director of treasury and market risk. "It was a poor quarter no matter how you look at it."

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