French Bank Results Indicate Good FX Performance In 1998
BANKS
PARIS--While most of the French banks do not break out FX revenues from their overall trading results, market officials say market volatility appears to have benefited the banks across the board.
Market analysts say the French banks did particularly well because their exposure in Russia was fairly low, and they were therefore able to avoid losses due to the collapse of the Russian rouble.
However, many of the French banks have expanded aggressively into the emerging markets and benefited from the
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