BOA falls in FX

- By FX Markets Staff
- @FXMarkets_
- 30 Jan 2006

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For the year ending December 31 2005, FX trading- related revenue at the bank was $744 million, a drop from $752 million made in 2004. The bank suffered in the fourth quarter, where revenues generated from the product line fell by 31.2% to $159 million versus $231 million in Q4 2004.

On a quarterly basis, the bank was down 20.1%, having made $199 million in FX trading-related revenue in the third quarter of 2005.

The bank said the results reflected decreased market activity in forex products.

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