Standard Chartered sees strong FX volume growth
But spread compression and RMB band widening hurts income
Cash foreign exchange volumes at Standard Chartered grew by 47% and FX options by 89% in 2014, although income from the business decreased 7% year-on-year due to low volatility and squeezed margins, according to the bank's full-year results.
The bank said the growth in volumes has been offset by ongoing spread compression while the historically low-volatility environment seen in the first half of the year offset good levels of customer activity in FX and rates.
"FX income fell 7% year-on-year
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