3Q Foreign Exchange Earnings 'Solid' For First Six U.S. Banks To Release Figures
BANKS
The first half-dozen U.S. banks to release third-quarter earnings show foreign exchange trading revenues modestly to strongly increased over previous periods.
First National Bank of Chicago recorded FX trading gains of $38.3 million, which is down 21 percent from last year's $48.7 million during the same quarter (FX Week, Oct 19). However, third-quarter earnings improved upon the second quarter's by $300,000.
The Bank of New York does not break out foreign exchange earnings, but reports third
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