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(Bloomberg) -- Wall Street chiefs seeking to explain recent steep drops in trading revenue have reminded investors how lucrative things were a year ago: Goldman Sachs Group Inc. President John Waldron called 2022 “particularly strong.” Citigroup Inc. boss Jane Fraser said “everything was firing on all cylinders.”Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PolicePoland Sends Troops to Belarus Border

Wall Street banking giants made a billion-dollar fortune from funnelling rubles through former Soviet republics to currency traders. Read on.

While everyone else has been shelling out more as inflation hit 8.5 percent in March, an obscure pocket of Wall Street has been racking in the cash betting on swings in the cost of living

Most of the world hates inflation, but for a small band of traders who can navigate its challenges, inflation has finally become a goldmine.

A niche business that’s exploded -- very lucratively -- for some of the world’s major banks and hedge funds.