FX Week

Bankers FX Trading Gains Stumble In 1st Qtr. While Bank Of America FX Revenues Jump

BANKS

Bankers Trust Co., one of the giants in the foreign exchange market, stumbled in the latest quarter, with FX trading revenues sliding 55 percent from a year ago to $66 million in the first quarter. Its tumble allowed Bank of America a place as the third most profitable U.S. bank in terms of foreign exchange trading in the quarter.

In addition to Bankers sharp drop in FX trading profits, the bank also reported that other noninterest revenue fell to $9 million from $71 million in 1990, as a

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